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