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#GateSquareAprilPostingChallenge Gold Prices Drop Due to Inflation Concerns and the Failure of US-Iran Talks
Global gold prices weakened at the beginning of this week as concerns about global inflation increased following the failure of peace talks between Amerika Serikat (AS) and Iran.
This situation encouraged the strengthening of the US dollar and a surge in oil prices, ultimately weighing on the outlook for interest rate cuts by the US central bank this year.
During Monday (13/4/2026) trading, spot gold prices fell 0.7% to a level of US$ 4.716,70 per ounce, reaching the lowest point since 7 April.
Meanwhile, US gold futures contracts for June delivery also slid 1% to US$ 4.738,90 per ounce. At the same time, the US dollar strengthened by 0.4%, making gold priced in US dollars more expensive for global investors.
Pressure on gold increased further after oil prices once again surged above US$100 per barrel. The rise was triggered by escalating tensions in the Middle East, following the failure of negotiations between AS and Iran to end the conflict.
AS is even reportedly preparing a blockade in the Strait of Hormuz to limit Iran’s oil exports.