Singapore, 9 June 2026 – Gold steadied after Israel and Iran agreed to ease direct strikes against each other, calming one layer of geopolitical risk that had recently supported safe-haven demand for bullion.

The metal traded near US$4,330 an ounce on Monday, after earlier losses brought it close to its weakest levels in months. The pause in direct hostilities reduced some immediate demand for defensive assets, although traders remained cautious as tensions in the wider region continued to shape oil prices, inflation expectations and global risk sentiment.

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Bernard Lee

Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.