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Gold extends decline as Gulf clashes lift yields and rate expectations
Gold remained under pressure after slipping earlier in the week, as renewed hostilities between the U.S. and Iran in the Persian Gulf rattled markets and revived concerns about inflation and tighter monetary policy. Bullion hovered around $4,510 an ounce (XAUUSD:CUR) in early trading, following a roughly 2% drop in the previous session. The U.S. military said it repelled Iranian attacks while escorting two American-flagged ships through the Strait of Hormuz. Tensions escalated further after the United Arab Emirates reported intercepting cruise missiles and attributed a major fire at the Fujairah port to an Iranian ... (full story)
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- May 4, 2026 10:21pm Posted byFundamental Analysis143
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