{"id":47734,"date":"2026-05-29T07:21:53","date_gmt":"2026-05-29T07:21:53","guid":{"rendered":"https:\/\/www.vtmarkets.com\/in\/uncategorized\/gold-rebounds-as-ceasefire-hopes-ease-oil-shock\/"},"modified":"2026-05-29T07:21:53","modified_gmt":"2026-05-29T07:21:53","slug":"gold-rebounds-as-ceasefire-hopes-ease-oil-shock","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-mena\/analysis\/gold-rebounds-as-ceasefire-hopes-ease-oil-shock\/","title":{"rendered":"Gold Rebounds as Ceasefire Hopes Ease Oil Shock"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-mena\/wp-content\/uploads\/sites\/7\/2026\/06\/Gold-2-1024x573.webp\" alt=\"\" class=\"wp-image-47906\"\/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>XAU\/USD traded at <strong>4,514.49<\/strong>, up <strong>18.33<\/strong>, or <strong>0.41%<\/strong>, after reaching a session high of <strong>4,522.38<\/strong>.<\/li>\n\n\n\n<li>Spot gold rose <strong>0.5%<\/strong> to <strong>$4,514.19<\/strong> per ounce by <strong>0610 GMT<\/strong>, after falling to a two-month low of <strong>$4,365.76<\/strong> on Thursday.<\/li>\n\n\n\n<li>Gold remains on track to lose <strong>2.4%<\/strong> for the month and about <strong>15%<\/strong> over three months.<\/li>\n\n\n\n<li>US gold futures for <strong>August<\/strong> delivery inched <strong>0.3%<\/strong> higher to <strong>$4,544.80<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\"\/>\n\n\n\n<p>Gold recovered on Friday as traders assessed reports that the US and Iran had reached an agreement to extend their ceasefire and lift shipping restrictions through the Strait of Hormuz. XAU\/USD traded at <strong>4,514.49<\/strong>, up <strong>18.33<\/strong>, or <strong>0.41%<\/strong>, at <strong>05\/29 09:44:14 GMT+3<\/strong>. The session high stood at <strong>4,522.38<\/strong>, with a low of <strong>4,489.01<\/strong>, an open at <strong>4,496.01<\/strong>, and a close at <strong>4,496.16<\/strong>.<\/p>\n\n\n\n<p>Spot gold rose <strong>0.5%<\/strong> to <strong>$4,514.19<\/strong> per ounce by <strong>0610 GMT<\/strong>. The rebound came after gold fell to a two-month low of <strong>$4,365.76<\/strong> on Thursday, before closing higher as ceasefire reports changed the tone. US gold futures for <strong>August<\/strong> delivery rose <strong>0.3%<\/strong> to <strong>$4,544.80<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold held a gain after reports that the US and Iran had reached a tentative deal to extend a ceasefire and work toward an agreement to end the Middle East war eased inflation concerns <a href=\"https:\/\/t.co\/pglfCrwyTu\">https:\/\/t.co\/pglfCrwyTu<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/x.com\/business\/status\/2060147300165386575?ref_src=twsrc%5Etfw\">May 28, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The bounce looks more like relief than a full trend reversal. Gold is still heading for a third straight monthly loss, with bullion on track to fall <strong>2.4%<\/strong> for the month and about <strong>15%<\/strong> over three months.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ceasefire Deal Becomes The Main Catalyst<\/h2>\n\n\n\n<p>The market now waits for formal approval. Sources say that the US and Iran reached an agreement on Thursday to extend the ceasefire and lift restrictions on shipping through the Strait of Hormuz. The deal still needs President Donald Trump\u2019s approval, while Iranian state media said it has not been finalised.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">US and Iran trade attacks as sources report tentative agreement to extend ceasefire &#8211; as it happened <a href=\"https:\/\/t.co\/tMjXvnzLVY\">https:\/\/t.co\/tMjXvnzLVY<\/a> <a href=\"https:\/\/t.co\/tMjXvnzLVY\">https:\/\/t.co\/tMjXvnzLVY<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/x.com\/Reuters\/status\/2060122737067033006?ref_src=twsrc%5Etfw\">May 28, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Brian Lan, managing director at GoldSilver Central, said the ceasefire report helped trigger the reversal after gold fell toward the <strong>$4,360<\/strong> area. Traders now want confirmation that the deal will be signed, even if it remains only pending Trump\u2019s approval for now.<\/p>\n\n\n\n<p>That uncertainty keeps gold in a narrow balance. A signed deal would likely cool oil-linked inflation fears and weaken some safe-haven demand. A failure to approve the agreement could lift the dollar again and put renewed pressure on XAU\/USD.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Fed Outlook Still Caps The Rebound<\/h2>\n\n\n\n<p>US inflation rose at its fastest pace in <strong>three years<\/strong> in April, driven by higher energy prices from the Iran conflict. That reinforced the view that the Federal Reserve may keep interest rates unchanged well into next year.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\ud83d\udcb5 Trump wanted a weaker dollar and lower rates. Now he&#39;s changing his tune. What does that mean for the Fed under Kevin Warsh? Find out on Reuters Morning Bid <a href=\"https:\/\/t.co\/nYTKvSPjoU\">https:\/\/t.co\/nYTKvSPjoU<\/a> <a href=\"https:\/\/t.co\/2Q55c144sV\">pic.twitter.com\/2Q55c144sV<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/x.com\/Reuters\/status\/2060000667817607453?ref_src=twsrc%5Etfw\">May 28, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>This keeps gold under pressure. Bullion can act as an inflation hedge, but it pays no yield. When traders expect high rates to last longer, cash and bonds become more attractive than gold.<\/p>\n\n\n\n<p>That is why the current rebound needs more than ceasefire headlines. XAU\/USD needs lower oil, a softer dollar, and weaker Fed rate-risk pricing before buyers can rebuild a stronger bullish case.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Technical Analysis<\/h2>\n\n\n\n<p>Gold staged a modest rebound from recent lows, recovering above <strong>4,500<\/strong> after briefly testing the <strong>4,390<\/strong> area, though the broader trend remains under pressure.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Current Price:<\/strong> 4,514<\/li>\n\n\n\n<li><strong>MA5:<\/strong> 4,509<\/li>\n\n\n\n<li><strong>MA10:<\/strong> 4,519<\/li>\n\n\n\n<li><strong>MA20:<\/strong> 4,584<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-mena\/wp-content\/uploads\/sites\/7\/2026\/06\/image-39-1024x454.jpg\" alt=\"\" class=\"wp-image-51326\"\/><\/figure>\n\n\n\n<p>The bounce has pushed price back above the MA5, but gold still trades beneath both the MA10 and MA20, indicating that sellers retain control of the broader short-term structure. The recovery appears corrective rather than a full trend reversal at this stage.<\/p>\n\n\n\n<p>The move higher comes as traders reassess recent dollar strength and lock in profits after gold&#8217;s sharp decline earlier in the week. However, the inability to reclaim the MA10 decisively suggests buying conviction remains limited.<\/p>\n\n\n\n<p>Immediate resistance sits near <strong>4,520\u20134,550<\/strong>, followed by the key <strong>4,600<\/strong> region. Support is now seen around <strong>4,450<\/strong>, with stronger downside protection near <strong>4,390<\/strong>.<\/p>\n\n\n\n<p>The near-term bias remains cautiously bearish while price trades below the MA20, although a sustained break above <strong>4,550\u20134,600<\/strong> would be needed to signal a stronger recovery is underway.<\/p>\n\n\n\n<p><em><strong>Join our upcoming webinar and learn how to trade candlestick patterns with confidence, clarity, and real market confirmation.<\/strong><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Cautious Forecast<\/h2>\n\n\n\n<p>Gold may stabilise while it holds above <strong>4,489.01<\/strong> and the <strong>5-day moving average<\/strong> at <strong>4,508.84<\/strong>. A break above <strong>4,584.44<\/strong> would support a recovery toward <strong>4,848.65<\/strong>, especially if the US-Iran ceasefire extension receives final approval and oil continues to fall.<\/p>\n\n\n\n<p>A move below <strong>4,365.76<\/strong> would warn that sellers are still in control and could expose <strong>4,098.79<\/strong>. The next move depends on three signals: Trump\u2019s approval of the ceasefire deal, oil\u2019s ability to hold its weekly decline, and whether Fed rate expectations ease as energy inflation pressure fades.<\/p>\n\n\n\n<p><strong>Learn more about trading <a href=\"https:\/\/www.vtmarkets.com\/precious-metals\/\" target=\"_blank\" rel=\"noreferrer noopener\">Precious Metals<\/a> on VT Markets <a href=\"https:\/\/www.vtmarkets.com\/Insights\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/strong>.<\/p>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"><summary><strong>Trader Questions<\/strong><\/summary>\n<h2 class=\"wp-block-heading\">Why Is Gold Rising Today?<\/h2>\n\n\n\n<p>Gold is rising today as traders react to reports that the US and Iran may extend their ceasefire and lift shipping restrictions through the Strait of Hormuz. XAU\/USD traded at <strong>4,514.49<\/strong>, up <strong>18.33<\/strong>, or <strong>0.41%<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Is The Gold Price Today?<\/h2>\n\n\n\n<p>The gold price today is <strong>4,514.49<\/strong> for XAU\/USD. The session high was <strong>4,522.38<\/strong>, the low was <strong>4,489.01<\/strong>, the open was <strong>4,496.01<\/strong>, and the previous close was <strong>4,496.16<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why Did Gold Rebound From A Two-Month Low?<\/h2>\n\n\n\n<p>Gold rebounded after falling to a two-month low of <strong>$4,365.76<\/strong> on Thursday. Reports of a US-Iran ceasefire extension helped trigger a reversal as traders waited for the deal to be formally signed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Is Gold Still Falling This Month?<\/h2>\n\n\n\n<p>Yes. Gold is still on track to lose <strong>2.4%<\/strong> for the month and about <strong>15%<\/strong> over three months, despite the latest rebound.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Are US-Iran Ceasefire Talks Affecting Gold?<\/h2>\n\n\n\n<p>US-Iran ceasefire talks are supporting gold in the short term by reducing panic around energy-led inflation and dollar strength. However, the deal still needs President Donald Trump\u2019s approval, while Iranian state media said it has not been finalised.<\/p>\n<\/details>\n\n<p>\n\n<p><strong>Start trading now &#8211; Click <a href=\"https:\/\/www.vtmarkets.com\/in\/trade-now\/\">here<\/a> to create your real VT Markets account <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Gold rises near $4,514 as US-Iran ceasefire hopes lower oil, but Fed rate risk still caps XAU\/USD.<\/p>\n","protected":false},"author":87,"featured_media":47733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-47734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-mena\/wp-json\/wp\/v2\/posts\/47734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-mena\/wp-json\/wp\/v2\/comments?post=47734"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-mena\/wp-json\/wp\/v2\/posts\/47734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-mena\/wp-json\/wp\/v2\/media\/47733"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-mena\/wp-json\/wp\/v2\/media?parent=47734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-mena\/wp-json\/wp\/v2\/categories?post=47734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-mena\/wp-json\/wp\/v2\/tags?post=47734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}