# Gold reached a near three-week high after a US-Iran ceasefire deal.

*business · news · 2026-04-08 · The Economic Times*

## Key points

- Gold and silver prices surged after a US-Iran two-week ceasefire and Iran paused the Hormuz blockade.
- Oil prices dropped over 13% below $100, and the US dollar hit a monthly low after the ceasefire.
- Investor expectations for a US interest rate cut by year-end jumped from 14% to 43% in one day.
- UBS analysts now forecast gold could reach $5,900 per ounce by the end of the year.
- Silver's price gains are also supported by industrial demand from technology and energy sectors.

**Countries:** United States, Iran

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/why-is-silver-price-up-by-5-7-and-gold-price-by-2-and-will-precious-metals-reach-dream-levels-or-fall-again-analysts-insights-market-outlook-and-what-should-investors-do-now/articleshow/130110711.cms)

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