Commodities

Gold Advances as Traders Weigh Pakistan Comments, Trump Deadline

A one-kilogram, right, and 500-gram gold bar displayed at an ABC Bullion store in Sydney, Australia.
Photographer: Brendon Thorne/Bloomberg

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By Yihui Xie, Preeti Soni, and Yvonne Yue Li

April 6, 2026 at 10:22 PM UTC

Updated on

April 7, 2026 at 8:03 PM UTC

Gold advanced as traders weighed the developments in the Middle East war ahead of President Donald Trump’s deadline for Iran to agree to a ceasefire deal.

Pakistan said diplomacy for a peaceful settlement is progressing steadily while asking Trump to extend the deadline by two weeks. The dollar and Treasury yields pushed lower in response, lifting bullion by more than 1%.