#GateSquareAprilPostingChallenge Gold Prices Fall as Inflation Fears Grow and U.S.-Iran Talks Fail



Global gold prices weakened at the start of this week as concerns about global inflation rose following the failure of peace talks between the United States (US) and Iran.

This situation drove the U.S. dollar to strengthen and sparked a jump in oil prices, ultimately weighing on the outlook for rate cuts by the U.S. central bank this year.

In Monday trading (13/4/2026), spot gold prices fell 0.7% to a level of US$ 4.716,70 per ounce, reaching the lowest point since April 7.

Meanwhile, U.S. gold futures contracts for June delivery also slid 1% to US$ 4.738,90 per ounce. At the same time, the U.S. dollar rose 0.4%, making gold priced in dollars more expensive for global investors.

Pressure on gold intensified further after oil prices surged again above US$100 per barrel. The increase was triggered by an escalation of tensions in the Middle East, following the failure of negotiations between the United States and Iran to end the conflict.

The United States is even reported to be preparing a blockade in the Strait of Hormuz in order to limit Iran’s oil exports.
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