Gold eases as inflation jitters, Iran war cloud US rate outlook

  • May 4, 2026
  • Posted by: EWGFX
  • Category: news
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Gold prices nudged lower in thin trade on Monday, weighed down ‌by inflation worries that clouded the U.S. monetary policy outlook, while markets awaited developments in U.S.-Iran peace negotiations.

Spot gold was down 0.2% at $4,605.19 per ounce, as of 0456 GMT. U.S. gold futures for June delivery fell 0.6% to $4,616.30.

Oil prices eased but held above $100 a barrel, with the lack of clarity around a potential U.S.-Iran peace deal remaining in focus.

U.S. stocks ended mostly higher on Friday, with the Dow the only outlier, dipping about three-tenths of a percent,

Spot silver rose 0.1% to $75.37 per ounce, platinum gained 0.7% to $2,002.80, and ​palladium was up 0.2% at $1,528.22.

Reuters