• Tue, Feb 10, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

24 June 2025 07:15  |

Trump Ceasefire Kills Gold’s Shine

Gold prices fell in early Asian trading after President Donald Trump announced that Israel and Iran had agreed to a full ceasefire. In a post on the Truth Social platform at 6 p.m. Eastern time, Trump said that a full ceasefire would take effect in the next six hours, after both countries complete their final missions.

The statement eased market concerns about the escalation of conflicts in the Middle East, which had previously boosted demand for gold as a safe asset. With the easing of tensions, investors began to move out of hedge assets and into riskier instruments.

As a result, the spot gold price fell 0.6% to $3,347.37 an ounce. Analysts expect gold demand to remain depressed if geopolitical tensions do indeed ease as Trump has said.

Source: Newsmaker

Related News

GOLD

Fed Sends Gold Down, But Now It’s Starting to Reversal!

Gold edged up following a decline in the previous session that was fueled by Federal Reserve Chairman Jerome Powell’s warni...

19 June 2025 07:41
GOLD

Gold Down as Dollar Strength Outweighs Safe-haven Demand

Gold fell slightly after President Donald Trump imposed tariffs on imports from Canada, Mexico and China, with the surging do...

3 February 2025 07:33
GOLD

Gold Down as Safe-haven Demand Eases After Trump Delays EU ...

Gold fell as its safe-haven status was dented by signs President Donald Trump may be easing his aggressive stance on trade wi...

26 May 2025 07:18
GOLD

Gold Down as Trump Tariff Surprise Triggers Selloff from Re...

Gold is moving further away from its recent record high, swept away by the pessimistic mood sweeping global markets following...

4 April 2025 17:54
BIAS23.com NM23 Ai