Gold’s appeal weakened as rising energy costs and stronger inflation expectations pressured global markets.
Spot gold fell below $4,500 per ounce early on Thursday, extending losses as the Middle East conflict continues to fuel broad market volatility and keep pressure on bullion.Gold traded at $4,426.50 per ounce as of 0605GMT on Thursday, down 1.
6 percent on the day.The latest decline came after a sharp and volatile selloff in recent weeks. Gold prices have fallen 15 percent since the conflict began on February 28 and were trading well below their January 2026 record high of $5,595 per ounce.Last week, the price of gold saw its biggest weekly drop since 1983, losing more than 10 percent.The price of silver per ounce also saw a decline, falling over 2 percent to $69.73 per ounce.The volatility followed mixed remarks by the US and Iranian officials.The White House maintained that peace negotiations are ongoing, but Tehran dismissed US proposals and set out its own demands, including sovereign authority over the Strait of Hormuz, a vital shipping route.Although gold is traditionally seen as a safe-haven asset during geopolitical crises, rising oil prices and stronger inflation fears have lifted expectations that interest rates could stay higher for longer, reducing the appeal of non-yielding bullion.The Middle East conflict has also unsettled broader financial markets by driving up energy prices and stoking concern over supply disruptions, particularly through the Strait of Hormuz
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Live updates: U.S. proposes ceasefire plan as troops head to Middle EastThe Trump administration offered a ceasefire plan to Iran as the U.S. appears to seek an end to the war even while more troops head to the Middle East.
Read more »
US expected to deploy around 1,000 paratroopers to the Middle EastSources say the US soldiers with the Army’s 82nd Airborne Division are expecting to deploy to the Middle East in the coming days, even as President Trump expresses optimism over talks with Iran.. Follow for live updates
Read more »
Pentagon orders troops from 82nd Airborne Division to deploy to Middle EastNearly a month into the war with Iran, the Trump administration is keeping its options open: it says it is pursuing diplomatic solutions with Iran, while ordering thousands of paratroopers to deploy in the Middle East.
Read more »
Gold hits worst losing streak in 100 years as bitcoin outperforms as middle east conflict continuesAs gold posts its worst run since 1920, bitcoin gains ground and outperforms, pushing the BTC to gold ratio 30% higher, since the Middle East conflict started.
Read more »
Tensions Rise: Middle East Conflict & Global RamificationsAmid ongoing conflict involving Iran, this report covers developments including potential compromises, casualties in Gaza, actions by Iranian and US forces, North Korea's stance, a social media 'meme war,' and global impacts on energy supplies.
Read more »
U.S. Positions Ground Forces in Middle East, Signaling Potential for Limited Operations in IranThe U.S. is deploying ground-capable forces in the Middle East after Iran rejected a ceasefire proposal, indicating potential for limited and high-risk operations inside Iran, according to military experts. The deployments focus on specific objectives, not a full-scale invasion.
Read more »