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#GateSquareAprilPostingChallenge Gold prices fall due to inflation concerns and failed US-Iran negotiations
As the US(US) and Iran's peace talks fail, global inflation worries intensify, leading to a softening of international gold prices earlier this week.
This situation has driven the US dollar higher and oil prices soaring, ultimately dampening the Federal Reserve's prospects for rate cuts this year.
In trading on Monday(13/4/2026), spot gold prices declined by 0.7%, to $4,716.70 per ounce, hitting the lowest level since April 7.
Meanwhile, the June-delivered US gold futures contract also fell by 1%, to $4,738.90 per ounce. During the same period, the dollar rose by 0.4%, making dollar-denominated gold more expensive for global investors.
Oil prices again broke above $100 per barrel, adding further pressure on gold. This rally was triggered by escalating tensions in the Middle East, stemming from the failure of the US and Iran to reach an agreement to end the conflict.
Reports indicate that the US is even preparing to impose a blockade in the Strait of Hormuz to restrict Iran's oil exports.