Inflation worries, Middle East tensions drag gold lower
MG News | May 04, 2026 at 12:25 PM GMT+05:00
May 04, 2026 (MLN): Gold prices edged lower on Monday
in subdued trading, as persistent inflation concerns continued to cloud the
outlook for U.S. monetary policy.
Currently, spot gold is down 0.51% to $4,589.05 an ounce as of [12:21 am] PST, according to data reported by Mettis Global.

Uncertainty surrounding interest rate direction intensified
after Jerome Powell concluded his eight-year tenure as head of the Federal
Reserve last week, leaving rates unchanged but highlighting growing concerns
about inflation., according to CNBC.
Higher interest rates typically weigh on non-yielding assets
like gold, as investors shift toward interest-bearing instruments such as U.S.
Treasury securities, which offer more attractive returns.
Although oil prices eased slightly, they remained above $100
per barrel, with markets closely watching developments around a possible
U.S.-Iran peace agreement.
President Donald Trump announced that Washington would
assist in freeing ships stranded in the Gulf amid the ongoing U.S.-Israeli
conflict with Iran.
On the diplomatic front, Iranian state media reported that
the United States had delivered its response to Tehran’s 14-point proposal
through Pakistan, with Iranian authorities currently reviewing the terms.
In other precious metals, silver rose 0.5% to $75.69 per
ounce, platinum gained 0.8% to $2,003.90, and palladium increased 0.5% to
$1,532.87, reflecting modest gains despite broader market uncertainty.
Copyright Mettis
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| Symbol | Bid/Ask | High/Low |
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| BITCOIN FUTURES | 64,535.00 | 64,800.00 63,430.00 | 875.00 1.37% |
| BRENT CRUDE | 86.80 | 89.90 85.80 | -3.58 -3.96% |
| RICHARDS BAY COAL MONTHLY | 123.00 | 0.00 0.00 | 1.10 0.90% |
| ROTTERDAM COAL MONTHLY | 131.00 | 131.00 130.00 | -1.75 -1.32% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 84.29 | 87.23 83.20 | -3.42 -3.90% |
| SUGAR #11 WORLD | 13.70 | 13.97 13.68 | -0.09 -0.65% |
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