Singapore, 26 May 2026 – Gold held onto gains as investors assessed signs of progress in US-Iran negotiations that could reopen the Strait of Hormuz, easing energy-market stress and tempering inflation concerns across global markets.
Bullion rose more than 1% on Monday as optimism over a possible breakthrough weakened the US dollar and pushed oil prices lower. Spot gold was up 1.1% at US$4,559.07 per ounce, while US gold futures for June delivery gained 0.8% to US$4,559.80.
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