Gold Prices Decline

Gold Prices Slip as Fresh US-Iran Strikes Dampen Peace Deal Hopes

Gold prices moved lower during Asian trading on Tuesday after the latest military strikes by the United States against Iran weakened market optimism over a potential peace agreement between the two nations.

The US dollar remained steady, while oil prices rebounded following reports of renewed US military action against Iran. The stronger dollar and rising crude oil prices pressured gold, limiting the precious metal’s recent bullish momentum.

Spot gold declined 0.8% to $4,535.17 per ounce as of 08:37 WIB, while gold futures dropped 0.8% to $4,568.67 per ounce.

Other precious metals also traded lower. Spot silver fell 2.1% to $76.4495 per ounce, while spot platinum slipped 0.6% to $1,955.02 per ounce.

Gold and other safe-haven assets had posted solid gains in recent sessions after reports suggested that the United States and Iran were close to reaching a framework agreement to reopen the Strait of Hormuz.

However, reports released late Monday indicated that the US had launched fresh military strikes against Iran, reducing hopes for a near-term diplomatic breakthrough between the two countries.

According to US media reports, the military targeted missile launch facilities and mine-laying vessels located in southern Iran.

The escalating geopolitical tensions helped the US dollar stabilize after recent losses and pushed oil prices higher following a week of declines.

Rising oil prices have increased concerns about inflationary pressures stemming from the Iran conflict. Investors remain worried that energy-driven inflation could force major global central banks to maintain a more hawkish monetary policy stance, which has continued to weigh on gold prices throughout the year.

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Gold Prices Steady

Gold Prices Trim Gains but Demand Remains Strong Above $4,550 Amid Weakening US Dollar

Gold prices pared part of their intraday gains during Monday’s trading session, although demand for the precious metal remained solid above the US$4,550 level as the US Dollar continued to weaken amid mixed market sentiment.

The XAU/USD pair struggled to extend its modest Asian session rally toward the US$4,580 region and remained capped below the upper boundary of last week’s trading range. Market sentiment was influenced by weekend developments suggesting progress toward a potential peace agreement between the United States and Iran, which pressured the US Dollar and supported gold prices.

However, investors remain cautious as Washington and Tehran continue to disagree on several key issues, limiting broader bullish momentum in the gold market.

From a technical perspective, gold prices continue to trade within a descending parallel channel. The upper boundary of the channel aligns closely with the 200-period Exponential Moving Average (EMA) on the 4-hour chart, creating a strong resistance zone near US$4,650. This indicates that the recent rebound may still be vulnerable despite improving momentum indicators.

The Moving Average Convergence Divergence (MACD) indicator remains above the zero line, while the histogram continues to print positive values. Meanwhile, the Relative Strength Index (RSI) stays in the mid-50 range, signaling a temporary recovery rather than a confirmed bullish trend reversal.

On the downside, the lower boundary of the parallel channel near US$4,360 serves as the next major support level. A breakdown below this floor could reinforce the broader bearish structure and open the door for deeper corrections in the medium-term downtrend.

Fed Hawkish Outlook Limits Gold Rally

Expectations that the US Federal Reserve will maintain a hawkish monetary policy stance helped limit further weakness in the US Dollar and capped additional upside for non-yielding gold assets.

According to Axios, citing a US official on Saturday night, the United States and Iran are reportedly close to signing an agreement involving a 60-day ceasefire extension that would reopen the Strait of Hormuz. In addition, US President Donald Trump stated that most aspects of a peace framework with Iran had already been negotiated.

The development boosted investor confidence, while declining crude oil prices eased inflation concerns and triggered a sharp drop in US Treasury yields amid thin market liquidity due to several global holidays. These factors significantly pressured the Greenback and provided support for gold prices.

Despite this, Trump reportedly instructed negotiators not to rush the agreement process and emphasized that naval restrictions on Iranian ports would remain in place until a formally certified deal is signed.

In addition, ongoing disputes regarding Iran’s nuclear program continue to limit optimism. Market speculation that the Federal Reserve could raise interest rates again in 2026 may also strengthen the US Dollar moving forward.

As a result, traders may prefer to wait for stronger buying momentum before confirming that gold has established a short-term bottom near the US$4,450 region — its lowest level since late March reached last week.

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Gold Prices Weaken

Gold Prices Slip Amid Iran Uncertainty and Weak Weekly Outlook

Gold prices edged lower during early Asian trading on Friday and were on track for a weak weekly close as investors remained cautious over the ongoing Iran conflict and its potential impact on interest rates.

Spot gold fell 0.2% to $4,532.95 per ounce at 07:18 GMT, while gold futures also declined 0.2% to $4,533.90 per ounce.

Despite sharp market fluctuations throughout the week, spot gold was set to post a weekly decline of around 0.2%. Investor sentiment continued to shift amid mixed signals from the United States and Iran regarding ongoing negotiations. Optimism briefly improved after U.S. President Donald Trump delayed a potential military strike on Iran, while reports suggested that a final draft peace agreement had been reached.

However, Trump warned that military action could still happen if Tehran refused to accept the proposed agreement, with Iran’s nuclear program remaining the key point of contention.

U.S. officials also criticized Tehran’s plan to impose transit fees through the Strait of Hormuz. Limited oil flows through the crucial shipping route continued to keep crude oil prices elevated.

The conflict showed little sign of ending anytime soon, leaving markets concerned about prolonged disruptions to global oil supplies and the broader impact on inflation.

U.S. inflation has surged over the past two months due to rising energy prices, fueling speculation that the Federal Reserve may be forced to raise interest rates later this year.

Minutes from the Fed’s late-April meeting revealed growing support among policymakers for additional rate hikes, a scenario generally viewed as negative for gold and other non-yielding assets.

Other precious metals also moved lower on Friday and appeared headed for weak weekly performances. Spot platinum slipped 0.2% to $1,967.98 per ounce, while spot silver declined 0.2% to $76.5145 per ounce.

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Gold Prices Rebound

 

Gold Prices Rebound After Trump Says Iran Negotiations Near Final Stage

Global gold prices rebounded during Thursday’s trading session after previously touching their lowest level in the past two months. The recovery was driven by easing concerns over Middle East tensions and softer global inflation pressures.

Spot gold prices climbed 1.39% to US$4,543.55 per troy ounce after falling to around US$4,490 per troy ounce in the previous session.

Market sentiment improved after U.S. President Donald Trump stated that negotiations with Iran had entered the final stage. However, Trump also warned of potential additional military action if Iran refuses to agree to the proposed peace deal.

According to Alwi Assegaf, Research & Development analyst at Trijaya Pratama Futures, the rebound in gold prices was also supported by declining U.S. Treasury yields.

The yield on the 10-year U.S. Treasury note fell to 4.576% from the previous 4.669%.

“The decline in Treasury yields has provided room for gold to rebound after facing significant pressure over the past several trading sessions,” Alwi said in his Thursday research note.

Alwi added that investors have started to reduce concerns over rising inflation as geopolitical tensions in the Middle East show signs of easing.

In addition to developments in U.S.-Iran negotiations, shipping data indicated that several Chinese supertankers and oil tankers had begun exiting the Strait of Hormuz. This development triggered a decline in global crude oil prices and eased fears of disruptions to the world’s energy supply.

Despite improving market sentiment, the minutes from the April 2026 Federal Open Market Committee (FOMC) meeting revealed that most Federal Reserve officials are still open to further interest rate hikes this year.

The meeting minutes showed that many policymakers believe tighter monetary policy may still be necessary if inflation remains above the Fed’s 2% target. Several members even proposed removing previous statements that hinted at a dovish policy stance.

Meanwhile, Tiffani Safinia, Research & Development analyst at ICDX, said investors are now closely watching upcoming U.S. economic data, including manufacturing PMI figures and weekly jobless claims, to assess the resilience of the U.S. economy amid ongoing inflation pressures.

“The movement of the U.S. dollar and energy prices is expected to remain the primary factor influencing gold price direction in the short term,” Tiffani explained.

Tiffani also noted that medium- to long-term investors may continue applying a gradual accumulation strategy, as gold remains a preferred hedge against inflation and global uncertainty.

From a technical perspective, Alwi stated that gold price movements on the H4 timeframe remain under bearish pressure, although short-term rebound signals have started to emerge after prices managed to hold above the 4,453 support level.

Gold prices are still trading below the descending trendline and moving average area, indicating that the bearish trend continues to dominate the market. However, the Relative Strength Index (RSI) has started to move higher from oversold territory, signaling that bearish momentum is gradually weakening.

If prices manage to break through the resistance zone between 4,589 and 4,637, the opportunity for further gains toward the 4,773 area could widen. On the other hand, if gold fails to break resistance and falls back below 4,511, selling pressure may intensify toward support levels at 4,453 and 4,404.

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Gold Futures Slip

 

Gold Futures Edge Lower During Asian Trading Session

Gold futures traded lower during Wednesday’s Asian session, extending recent losses as investors monitored the strength of the US Dollar and broader market sentiment.

On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were trading at $4,473.55 per troy ounce at the time of writing, down 0.26% on the day.

The precious metal earlier touched an intraday low during the session, with analysts closely watching key technical levels. Gold is expected to find immediate support near $4,455.51, while resistance is seen around $4,725.80.

Meanwhile, the US Dollar Index Futures, which tracks the performance of the greenback against a basket of six major currencies, gained 0.03% to trade at $99.29, adding pressure to gold prices.

Elsewhere on Comex, silver futures for July delivery rose 0.40% to $74.28 per troy ounce, while copper futures for July delivery slipped 0.16% to $6.18 per pound.

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Gold Futures Decline

Gold Futures Edge Lower During Asian Trading Session

Gold futures traded lower during Tuesday’s Asian session as investors remained cautious amid a slightly stronger US Dollar and shifting market sentiment.

On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were trading at $4,538.07 per troy ounce at the time of writing, down 0.44% on the day.

Earlier in the session, the precious metal touched an intraday low before attempting a modest recovery. Gold prices are expected to find immediate support near $4,483.97, while key resistance is seen around $4,725.80.

Meanwhile, the US Dollar Index Futures, which tracks the performance of the Greenback against a basket of six major currencies, gained 0.03% to trade at 99.08. A firmer US Dollar typically weighs on gold prices by making the metal more expensive for holders of other currencies.

In other metals trading on Comex, silver futures for July delivery declined 1.54% to $76.25 per troy ounce. Copper futures for July delivery also moved lower, falling 1.31% to $6.25 per pound.

The broader weakness across precious and industrial metals reflects cautious investor sentiment as traders continue monitoring global economic conditions, inflation expectations, and future interest rate signals from the Federal Reserve.

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