New York, 27 May 2026 – Gold extended its recent weakness as traders weighed shifting prospects for a US-Iran agreement, with renewed geopolitical uncertainty, firmer oil prices and interest-rate expectations continuing to shape sentiment toward the precious metal.
The latest move reflects a more complicated backdrop for bullion. Gold is traditionally viewed as a safe-haven asset during periods of geopolitical stress, but the current market reaction has been heavily influenced by the inflationary impact of higher oil prices. When energy costs rise, investors tend to reassess the path of interest rates, and higher rates are usually a headwind for non-yielding assets such as gold.
Unlock the Full Article
This article is exclusive to The Ledger Asia Subsribers / PAID members.
Already have an account? Log in here
