Singapore, 1 June 2026 – Gold prices fell on Monday as renewed Middle East tensions lifted the US dollar and oil prices, reviving concerns that inflationary pressure could keep global interest rates higher for longer.
Spot gold declined 0.8% to US$4,498.89 per ounce by 0909 GMT, after touching a two-week high last Friday. The metal also ended May with a 0.9% loss, marking its fourth consecutive monthly decline. US gold futures for August delivery fell 1.4% to US$4,528.90.
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