#GateSquareAprilPostingChallenge Gold Prices Drop Due to Inflation Concerns and US-Iran Negotiation Failures



Global gold prices weakened at the start of this week amid rising concerns over global inflation following the failure of peace talks between the United States (US) and Iran.

This situation has driven the US dollar to strengthen and caused a surge in oil prices, ultimately pressuring the prospects of interest rate cuts by the US central bank this year.

On Monday (13/4/2026) trading, spot gold prices fell 0.7% to US$ 4,716.70 per ounce, reaching the lowest level since April 7.

Meanwhile, US gold futures for June delivery also dropped 1% to US$ 4,738.90 per ounce. At the same time, the US dollar appreciated by 0.4%, making dollar-priced gold more expensive for global investors.

Pressure on gold intensified further after oil prices surged again above US$100 per barrel. This increase was triggered by escalating tensions in the Middle East following the failure of negotiations between the US and Iran to end the conflict.

The US is even reportedly preparing a blockade in the Strait of Hormuz to restrict Iran’s oil exports.
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