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Gold eases on stronger oil as fresh Mideast hostilities erupt
Gold prices slipped on Wednesday, as renewed hostilities in the Middle East pushed crude oil prices higher, cementing fears that interest rates would stay higher for longer to tame inflation. Spot gold fell 0.2% to $4,476.50 per ounce by 0103 GMT. U.S. gold futures for August delivery fell 0.3% to $4,504.40. Gulf hostilities flared anew on Wednesday, with the U.S. military saying Iranian missile attacks on Bahrain, Kuwait and other regional targets were either thwarted or failed as diplomacy between Washington and Tehran showed little progress. U.S. Secretary of State Marco Rubio said on Tuesday that President ... (full story)
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From kitco.com | Jun 2, 2026
Gold ticked higher on Tuesday as market participants focused on developments in the Middle East and upcoming U.S. economic data to gauge their impact on monetary policy. Spot gold was up 0.5% to $4,504.36 per ounce as of 11:16 a.m. EDT (1516 GMT) after falling as much as 2% on Monday. U.S. gold futures gained 0.6% to $4,534.00. Gold market trajectory ...
U.S. Central Command said Tuesday that it had defeated multiple Iranian ballistic missiles and drones and launched defensive strikes in response to “attempted attacks” by Iran, the latest in a cycle of attacks that has further threatened a fragile ceasefire. Iran had launched several ballistic missiles toward regional neighbors, though none hit their ...
