---
title: "Gold Stock ETF GDX Soars 6% Higher as Gold Price Climbs on Iran Ceasefire: 04/08/26"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282026653.md"
description: "Gold stocks, particularly the GDX ETF, rose 6% following a ceasefire agreement between the U.S. and Iran, which alleviated tensions in the Middle East. The deal, reached just before a deadline set by President Trump, included the opening of the Strait of Hormuz. This development led to a drop in oil prices, reducing inflationary pressures and benefiting gold prices, which increased by 1.71% to $4,783 despite a recent decline of nearly 10% over the past month."
datetime: "2026-04-08T10:54:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282026653.md)
  - [en](https://longbridge.com/en/news/282026653.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282026653.md)
---

# Gold Stock ETF GDX Soars 6% Higher as Gold Price Climbs on Iran Ceasefire: 04/08/26

Gold stocks surged higher today as the U.S. and Iran stepped back from the brink and agreed to a two- week ceasefire in the Middle East.

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An agreement between the two warring nations, including opening the Strait of Hormuz, was sealed just minutes before President's Trump deadline. Without a deal Trump had threatened to end Iranian "civilization" with Iran also vowing to step up its attacks in the Gulf region and potentially beyond.

## **Spot Gold Higher**

The deal saw oil prices drop, easing one of the biggest downside pressures on the gold price in recent weeks. A higher oil price means higher inflation and higher interest rates in response. Gold prices tend to fare better in times of lower interest rates.

The spot gold price, which is down nearly 10% over the last month was up 1.71% at $4,783 in early trading.

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## Related News & Research

- [Gold has tumbled during the Iran war - exposing a massive myth about geopolitical risk](https://longbridge.com/en/news/289050540.md)
- [Ed Yardeni Warns Gold Could Sink To $4,000 After Sharpest Weekly Decline In Months—But Doesn't Stop Being Bullish](https://longbridge.com/en/news/289066123.md)
- [PRECIOUS-Gold erases losses despite strong US jobs data after ceasefire hopes emerge](https://longbridge.com/en/news/289080069.md)
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