Singapore, 5 May 2026 – Gold prices held losses as renewed tensions between the United States and Iran weakened confidence in a fragile ceasefire, while a stronger US dollar and rising inflation concerns pressured the precious metal despite its traditional safe-haven status.
Spot gold fell about 2% on Monday, trading around US$4,523 per ounce, while US gold futures also declined sharply. The move came as renewed conflict risk in the Persian Gulf lifted oil prices, strengthened the US dollar and revived concerns that energy-driven inflation could keep interest rates elevated for longer.
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