Gold Prices Decline as US-Iran Peace Talks Collapse
Gold fell to $4,711 as failed US-Iran peace talks pushed oil above $100. A firm dollar and inflation fears lowered the odds of Fed interest rate cuts in 2026.
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Gold prices declined on Monday as a strengthening dollar and geopolitical tensions in the Middle East fueled inflation fears. Spot Gold dropped 0.8% to $4,711.24 per ounce by 11:36 a.m. ET, while U.S. gold futures fell 1.1% to $4,733.40. The collapse of peace negotiations between the United States and Iran over the weekend has significantly impacted market sentiment.
