Monday, May 11, 2026

Business News

Gold falls as US–Iran peace talks stall

Gold prices fell today as the lack of progress in peace negotiations between the United States and Iran led to a rise in oil prices, increasing concerns that rising inflation will keep interest rates at high levels for a longer period.

ONA

info@thearabianstories.com

Monday, May 11, 2026

SINGAPORE – Gold fell 0.6 percent in spot trading to $4,684.32 an ounce.

U.S. gold futures for June delivery fell 0.8 percent to $4,692.70.

The dollar rose, increasing the cost of dollar-denominated gold for holders of other currencies.

As for other precious metals, silver rose 0.7 percent to $80.88 an ounce in spot trading, while platinum fell 0.6 percent to $2,042.71. Palladium dropped 0.4 percent to $1,484.99.

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