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Gold Stabilizes Near $4,700 Per Ounce as Middle East Ceasefire Remains Fragile

GateNews

2026-05-09 03:52:11

According to Iranian media reports and officials, gold prices stabilized near $4,700 per ounce on Thursday amid heightened uncertainty surrounding a fragile Middle East ceasefire agreement. Iranian officials reported that tanker traffic through the Strait of Hormuz has been suspended following Israeli airstrikes on Lebanon, and claimed three clauses of the ceasefire accord have been violated. U.S. Vice President Vance led a delegation to Islamabad for direct talks with Iran, signaling potential reopening of the strait. Rising oil prices, U.S. dollar strength, and higher bond yields continued to exert downward pressure on gold.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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