US-Iran Conflict Ceasefire Hopes Rise, Gold Poised for Fifth Straight Gain

BlockBeats News, April 2nd. Spot gold rose by 0.8% intraday, briefly breaking through $4800 per ounce, recording a fifth consecutive day of gains. Market analysis believes that the resonance between geopolitical tensions and policy expectations is driving continuous inflows of safe-haven funds into the gold price.

On the news front, Trump is planning to announce during the gold trading session that the military action against Iran has "achieved all objectives," signaling the conclusion of the war and paving the way for the gradual withdrawal of U.S. forces.

At the same time, the U.S. may hand over the issue of shipping disruptions in the Strait of Hormuz to NATO and European and Gulf countries, indicating that the U.S. is seeking a "dignified exit" path.

Against the backdrop of Iran's continued restrictions on strait navigation and international oil prices surpassing $100 per barrel, concerns about the uncertainty of the Middle East situation and energy shocks are rising. Coupled with policy games and alliance divisions under the expectation of the war's "ending," the strengthening of safe-haven demand further boosts the gold price.