Gold & Silver Market News — Apr 7, 2026, 00:00–04:00 UTC
US-Iran Tensions Drive Gold Recovery
Gold prices rebounded to near $4,660 during early Asian trading as investors monitored escalating tensions between the US and Iran. President Trump has set a Tuesday deadline for military action against Iranian infrastructure following Iran's closure of the Strait of Hormuz. Despite describing Iran's latest ceasefire proposal as "significant," Trump indicated it was "not good enough" to avoid potential strikes on civilian infrastructure.
Oil Price Volatility Impacts Global Financial Markets
Japan's Finance Minister Satsuki Katayama reported that G7 finance ministers and central bankers have acknowledged that fluctuating oil prices are causing heightened volatility across financial and foreign exchange markets. This assessment comes amid the ongoing geopolitical crisis affecting key oil shipping routes in the Middle East.