{"id":675,"date":"2026-05-12T02:50:38","date_gmt":"2026-05-12T02:50:38","guid":{"rendered":"https:\/\/dailypakistannews.com\/?p=675"},"modified":"2026-05-12T02:50:38","modified_gmt":"2026-05-12T02:50:38","slug":"gold-falls-on-oil-driven-inflation-fears-as-trump-rejects-iran-peace-proposal","status":"publish","type":"post","link":"https:\/\/dailypakistannews.com\/?p=675","title":{"rendered":"Gold falls on oil-driven inflation fears as Trump rejects Iran peace proposal"},"content":{"rendered":"<p><strong>NEW YORK: Gold fell 1percent on Monday, as elevated oil prices stoked worries over inflation and prolonged high interest rates, while peace talks between the United States and Iran remained unsolved.<\/strong><\/p>\n<p>Spot gold fell 1percent at USD4,667.99 per ounce, as of 0852 GMT. US gold futures for June delivery lost 1.1percent at USD4,677.80. The dollar rose, making greenback-priced bullion more expensive for holders of other currencies.<\/p>\n<p>US President Donald Trump on Sunday rejected Iran\u2019s response to a US proposal for peace talks to end the war, saying Tehran\u2019s demands were \u201ctotally unacceptable.\u201d<\/p>\n<p>Brent crude oil prices rose above USD103 a barrel amid concerns the 10-week-old conflict will drag on, keeping shipping through the Strait of Hormuz paralyzed.<\/p>\n<p>\u201cInflation risks still weigh heavy on the market\u2019s collective mind, as attempts to end the Middle East conflict reached an impasse after the US and Iran rejected each other\u2019s peace proposals,\u201d said Han Tan, chief market analyst at Bybit.<\/p>\n<p>Gold prices have fallen more than 11percent since the war began in late February, pressured by higher oil prices.<\/p>\n<p>Elevated crude oil prices can stoke inflation, increasing the likelihood of higher interest rates. While gold is seen as an inflation hedge, high rates tend to weigh on the non-yielding asset. Traders have largely priced out US Federal Reserve rate cuts this year, with markets now seeing a 31percent chance of a hike by March 2027, according to CME Group\u2019s FedWatch tool.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Gold fell 1percent on Monday, as elevated oil prices stoked worries over inflation and prolonged high interest rates, while peace talks between the United States and Iran remained unsolved. Spot gold fell 1percent at USD4,667.99 per ounce, as of 0852 GMT. US gold futures for June delivery lost 1.1percent at USD4,677.80. The dollar [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan-news"],"_links":{"self":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=675"}],"version-history":[{"count":0,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/posts\/675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=\/wp\/v2\/media\/676"}],"wp:attachment":[{"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailypakistannews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}