Singapore, 11 May 2026 – Gold prices fell on Monday as stalled US-Iran peace negotiations pushed oil prices higher, raising concerns that renewed energy-driven inflation could keep interest rates elevated for longer.
Spot gold declined 1.2% to US$4,657.89 per ounce as of 0607 GMT, while US gold futures for June delivery fell 1.4% to US$4,665.70. The pullback came as the US dollar strengthened, making dollar-priced bullion more expensive for holders of other currencies.
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