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#GateSquareAprilPostingChallenge Gold prices decline due to rising inflation concerns and failed US-Iran negotiations
Earlier this week, global gold prices weakened amid escalating concerns over worldwide inflation, following the breakdown of peace talks between the US(AS) and Iran.
This situation drove the US dollar higher and caused a significant increase in oil prices, ultimately dampening the Federal Reserve's prospects of lowering interest rates this year (US central bank).
On "Trading Monday (13/4/2026)", spot gold prices fell 0.7%, to US$ 4,716.70 per ounce, reaching the lowest level since April 7.
Meanwhile, the June delivery US gold futures contract also declined 1%, to US$ 4,738.90 per ounce. At the same time, the US dollar rose 0.4%, making dollar-denominated gold more expensive for global investors.
Oil prices surged again to over US$100 per barrel, further increasing pressure on gold. The rally was triggered by escalating tensions in the Middle East, due to the US and Iran's failure to reach an agreement to end the conflict.
It is reported that the US is even preparing to implement a blockade at the Strait of Hormuz to restrict Iran's oil exports.