Singapore, 10 June 2026 – Gold extended its decline for a third straight day as renewed tensions between the United States and Iran pushed oil prices higher, shifting investor attention back to inflation risks and the possibility that interest rates may stay elevated for longer.
The precious metal fell to its weakest level in about 11 weeks, even as geopolitical uncertainty remained high. The move reflected a more complicated market reaction: while gold often benefits from safe-haven demand during periods of conflict, rising oil prices can also revive inflation concerns, support the US dollar and reduce expectations of near-term monetary easing.
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