Gold rose in the Asian session after a temporary US-Iran ceasefire, which could
help normalize oil supply and ease energy-driven inflation concerns. Since
end-February the metal has fallen more than 20% as higher energy prices and
supply-chain disruption lifted expectations for higher interest rates;
safe-haven flows into the dollar intensified pressure. ANZ analysts say the
conflict has strengthened structural reasons to increase gold allocations,
citing geopolitical fragmentation and reduced confidence in bonds as a reliable
portfolio diversifier.
