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Gold Prices Surge This Morning (8/4), Supported by Temporary US-Iran Standoff
Gold prices continue to rise as the market reassesses short-term risks after US President Donald Trump agreed to postpone bombing and attacks on Iran for two weeks, easing concerns of an immediate escalation.
Wednesday (8/4/2026) at 06:30 WIB, spot gold prices increased by 1.3% to US$ 4,765.59 per troy ounce, after rising 1.2% in the previous session.
Meanwhile, June 2026 gold futures contracts rose 2.3% to US$ 4,793.20 per troy ounce.
Support for gold prices comes after Trump said he agreed to postpone bombing and attacks for two weeks, and the United States received a 10-point proposal from Iran which he described as a reasonable basis for negotiations.
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