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Gold slips to 1-1/2-month low as Middle East tensions lift oil, cloud rate outlook
Gold prices fell on Monday to their lowest point in more than a month, as Middle East tensions pushed oil prices higher, fuelling inflation fears and reinforcing expectations of higher-for-longer interest rates. Fundamentals Spot gold was down 1.1% at $4,488.99 per ounce, as of 0052 GMT, hitting its lowest level since March 30.The Week in Breakingviews newsletter offers insights and ideas from Reuters’ global financial commentary team. Sign up here. US gold futures for June delivery lost 1.5% to $4,493.30. Gold was pressured by rising geopolitical tensions after a drone strike caused a fire at a nuclear power ... (full story)
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- May 18, 2026 12:16am Posted byFundamental Analysis24,171
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