Asian market early trading gold rises as the market hopes for a quick end to the US-Iran conflict

2026-04-09 03:40:10

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Gold rose in the morning session, as the market is betting that the U.S.-Iran conflict will end sooner. This could lead to lower oil prices and slower inflation. Spot gold rose 0.5%, to $4,782.49 per ounce. Analysts at ANZ Research, in a research report, said these hopes have prompted traders to cut back on bets that the central bank will raise interest rates to curb inflation risks stemming from the conflict. The analysts added: “They have instead turned their attention to the (negative) impact of the conflict on economic growth.”

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By Yongseng Wang

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