Gold Prices Fall as Inflation Worries Rise and US-Iran Talks Fail



Global gold prices weakened at the beginning of this week as concerns about global inflation increased following the failure of peace talks between the United States and Iran.

This condition encouraged the strengthening of the US dollar and a surge in oil prices, which ultimately weighed on the prospects for interest rate cuts by the US central bank this year.

In Monday trading on 13/4/2026, spot gold prices fell 0.7% to US$ 4,716.70 per ounce, the lowest level since April 7.

Meanwhile, US gold futures for June delivery also dropped 1% to US$ 4,738.90 per ounce. At the same time, the US dollar rose 0.4%, making gold priced in dollars more expensive for global investors.

Pressure on gold intensified after oil prices surged again above US$ per barrel. This increase was triggered by the escalation of tensions in the Middle East after US-Iran negotiations failed to end the conflict.

The US is also reportedly preparing a blockade in the Strait of Hormuz to limit Iran's oil exports.
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