Gold Hits Two-Month Low as US-Iran Tensions Fuel Inflation Fears
Gold Prices Drop Amid US-Iran Tensions
Gold prices fell to a two-month low on Thursday as fresh strikes by the US and Iran stirred inflation fears, pushing the dollar and crude oil higher. Spot gold dropped 1.6% to $4,385.32 per ounce, its lowest since March 26.
Market Impact and Outlook
The dollar rose to a more than one-month high, while oil prices jumped over 2%. Analysts warn that bullion is vulnerable to new 2026 lows. The market awaits US Personal Consumption Expenditures (PCE) data for clues on the Fed's monetary policy path.
Fed Governor Lisa Cook said the central bank should hold rates steady for now but is prepared to hike if needed, citing tariffs, the Iran war, and AI-related investment pushing prices higher.
Silver fell 2.2%, platinum lost 1.9%, and palladium slid 3.2%.
Impacted Symbols
Symbols affected by this headline and their sentiment signals
GOLD (US$/OZ)
Gold prices directly hit a two-month low due to the news, with geopolitical risks and rate hike expectations creating pressure.
Silver prices fell alongside gold, hitting a near one-month low, directly impacted by the news.
Platinum prices declined with gold and silver, but the impact was slightly more limited compared to gold.
Palladium prices fell 3.2%, negatively impacted by the news, but the decline was not as sharp as gold's.
The news, analyses, and comments on this platform do not constitute investment advice. When making investment decisions, you should conduct your own research and consult with a qualified financial advisor if necessary. FiNews cannot be held responsible for any losses that may arise from the use of this information.
More Headlines
Tokyo Core Inflation Slows, Remains Below BOJ Target
Tokyo Core Inflation Slows, Remains Below BOJ Target
…Nikkei May Rise on Hopes for U.S.-Iran Peace Deal
Nikkei May Rise on Hopes for U.S.-Iran Peace Deal
…Australian Pension Fund HUB24 Faces Regulatory Scrutiny
Australian Pension Fund HUB24 Faces Regulatory Scrutiny
…