AGE Daily Gold Update

AGE Daily Gold Update presents a recap on today's action in the precious metals markets. View archives.

3/25/2026: Gold surges on peace hopes

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold surged 3.4% to close near $4,550 after the US submitted a ceasefire proposal to Iran, raising hopes for a conclusion to the war. Oil prices pulled back on the prospect, lowering inflation expectations and bringing bargain-hunters back to the bullion market. Silver jumped 4.4% to finish at $72.36 an ounce.

The US reportedly offered a 15-point peace proposal, using Pakistan as an intermediary. Initially rejecting the plan, Iran said it will nonetheless review it while showing no signs of reducing its drone and missile strikes in the region.

Global benchmark Brent crude fell 7% on the proposal before recovering slightly to $101 per barrel after Iran's rejection. But the fact that the Trump administration is actively seeking a way out has raised hopes for the reopening of the Strait of Hormuz for oil shipping.

Benchmark 10-year Treasury yields declined on the prospect that reducing energy inflation could bring rate cuts from the Fed later this year. Lower yields boost gold by reducing the opportunity costs for holding it instead of bonds for safety.

Platinum and palladium added 2.2% and 4.7%, respectively.

At the New York spot close: gold gained $150.50 to $4,549.50; silver surged $3.08 to $72.36; platinum picked up $41.60 to $1,946.15; and palladium rose $19.40 to $1,430.645 an ounce.