Singapore, 27 April 2026 – Gold prices slipped as efforts to restart peace talks between the United States and Iran faltered, with investors weighing a stronger US dollar, higher energy prices and renewed uncertainty over the Strait of Hormuz against bullion’s traditional role as a safe haven asset.
Bloomberg reported that gold declined after attempts to revive US, Iran negotiations stalled while energy flows through the Strait of Hormuz remained restricted. The move came despite a broader risk-off tone in global markets, as oil prices rose and equity futures weakened on concerns that tensions in the Gulf could continue disrupting one of the world’s most important energy routes.
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