United States, 13 July 2026 – Gold prices edged lower as investors shifted their attention from escalating tensions in the Middle East to the prospect of higher United States interest rates, underscoring how monetary policy expectations continue to dominate sentiment across global financial markets.
The decline came as renewed US military strikes involving Iran fuelled a fresh surge in oil prices, reviving concerns that inflationary pressures could remain elevated for longer. Although geopolitical instability would typically boost demand for safe-haven assets such as gold, markets instead focused on the possibility that persistent inflation could prompt the US Federal Reserve to maintain a hawkish stance or even consider further monetary tightening.
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