Singapore, 9 October 2026 – Gold stabilised near US$4,145 an ounce after recovering from a two-month low, leaving investors to balance easing fears of an immediate United States attack on Iran against the prospect of higher American interest rates over the medium term. The metal’s modest rebound shows that geopolitical protection remains valuable, but is no longer enough to override the opportunity cost created by tighter monetary policy.
Spot gold was about 0.3% higher at US$4,144.05 an ounce during Asian trading, while silver gained roughly 0.6% to US$59.54. The moves followed comments that Washington was holding productive discussions with Tehran and would not launch an attack before the November midterm elections. Oil prices eased in response, although threats to tankers in the Strait of Hormuz and a hurricane near Gulf of Mexico production kept energy risks elevated.
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