Gold: Ceasefire lifts prices as traders watch Hormuz – DBS

DBS Group Research’s Eugene Leow notes that Gold surged over 2% to above USD4800 after a two-week ceasefire between the US and Iran reduced immediate escalation risks. DBS Group Research’s Eugene Leow notes that Gold surged over 2% to above USD4800 after a two-week ceasefire between the US and Iran reduced immediate escalation risks. He highlights that the… DBS Group Research’s Eugene Leow notes that Gold surged over 2% to above USD4800 after a two-week ceasefire between the US and Iran reduced immediate escalation risks. DBS Group Research’s Eugene Leow notes that Gold surged over 2% to above USD4800 after a two-week ceasefire between the US and Iran reduced immediate escalation risks. He highlights that the sustainability of this truce and the recovery of shipping volumes through the Strait of Hormuz will guide Gold’s next move, while structural demand, including continued PBoC buying, remains supportive.Ceasefire reprices risk and supports bullion"Gold rallied following this morning's announcement… For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.