As tensions ease in Middle East, US dollar plunges, gold rises
The US dollar weakened about 1% against the euro and 1.1% against the pound as easing Middle East tensions boosted markets, while gold surged 2.7% and silver jumped over 6%. The moves followed a proposed Iran–US ceasefire, with Donald Trump agreeing to pause military actions for two weeks.
- World
- Anadolu Agency
- Published Date: 09:58 | 08 April 2026
Amid easing tensions in the Middle East region related to the ceasefire deal, US dollar posted a decline against euro and gold prices surge.
The US dollar decreased around 1% against euro, and 1.1% against British pound; USD/EUR exchange rate is at 0.85 and USD/EUR is at 0.72 as of 0645GMT.
Meanwhile, gold prices increased around 2.7% to $4,830 per ounce; silver prices also posted an increase; up 6.33% to $77.5 per ounce.
Following Pakistani Prime Minister Shehbaz Sharif's proposal for two-week ceasefire between Iran and the US, Trump announced that he agreed "to suspend the bombing and attack of Iran for a period of two weeks."
Sharif also invited Iranian and US delegations to Islamabad on Friday and said Washington and Tehran, along with their allies, have agreed to an immediate ceasefire across all conflict zones.
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