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Gold prices declined on Monday but remained well above key levels as investors balanced safe-haven demand against a stronger U.S. dollar and surging oil prices following an escalation in the conflict between the United States, Israel, and Iran.<\/p>\n\n\n\n
By 02:40 ET (06:40 GMT)<\/strong>, spot gold fell 1% to $5,117.82 per ounce<\/strong>, while U.S. gold futures dropped 0.7% to $5,123.66 per ounce<\/strong>.<\/p>\n\n\n\n The precious metal had earlier slipped to an intraday low of $5,015.23 per ounce<\/strong>, before recovering part of those losses.<\/p>\n\n\n\n Despite Monday\u2019s decline, gold remained firmly above the $5,000 per ounce level<\/strong>, supported by heightened geopolitical tensions stemming from the expanding Middle East conflict.<\/p>\n\n\n\n The escalation followed U.S. and Israeli strikes on Iranian oil facilities<\/strong>, raising fears of broader disruptions to global energy supplies and intensifying uncertainty in financial markets.<\/p>\n\n\n\n However, gold\u2019s gains have been tempered by concerns that the conflict could trigger higher global inflation<\/strong>, prompting major central banks to maintain tighter monetary policies for longer.<\/p>\n\n\n\n As a result, the U.S. dollar has outperformed gold over the past week<\/strong>, while oil has led gains across commodity markets.<\/p>\n\n\n\n The U.S. Dollar Index rose 0.6% on Monday<\/strong>, benefiting from increased demand for safe-haven assets.<\/p>\n\n\n\n At the same time, oil prices surged dramatically as the conflict threatened shipping routes and energy infrastructure across the Middle East.<\/p>\n\n\n\n Brent crude jumped as much as 30%, breaking above $100 per barrel<\/strong>, reflecting fears that supply disruptions could intensify if the conflict continues.<\/p>\n\n\n\n Oil prices later trimmed some gains after the Financial Times reported that G7 nations were considering releasing emergency oil reserves<\/strong> to stabilize markets.<\/p>\n\n\n\n Separately, Bloomberg reported that Saudi Arabia was offering oil on spot markets<\/strong>, an unusual move that suggests producers are attempting to offset supply shortages.<\/p>\n\n\n\n Energy markets remain particularly concerned about the Strait of Hormuz<\/strong>, where Iran has reportedly attacked several vessels over the weekend.<\/p>\n\n\n\n The narrow waterway normally handles about 20% of global oil shipments<\/strong>, making it one of the most critical energy transit routes in the world.<\/p>\n\n\n\n Any prolonged disruption to shipping through the strait could significantly tighten global energy supplies.<\/p>\n\n\n\n Gold has experienced sharp swings in recent weeks<\/strong>, fluctuating between $5,000 and the record high near $5,600 reached in late January<\/strong>.<\/p>\n\n\n\n The metal fell around 2% last week<\/strong>, reflecting volatile trading conditions driven by geopolitical tensions, speculative activity, and uncertainty surrounding global interest rate policies.<\/p>\n\n\n\n A weaker-than-expected U.S. nonfarm payrolls report released on Friday<\/strong> briefly raised hopes that the Federal Reserve might lower interest rates. However, those expectations have been tempered by fears that higher oil prices could push inflation higher.<\/p>\n\n\n\n Other precious metals also declined on Monday, although they recovered part of their earlier losses.<\/p>\n\n\n\n Both metals have experienced sharp volatility since a major market selloff in late January but remain higher for the year<\/strong>, supported by safe-haven demand and expectations for stronger industrial consumption.<\/p>\n\n\n\n In industrial metals, copper futures slipped 0.4% to $12,817 per ton<\/strong>.<\/p>\n\n\n\n With geopolitical tensions intensifying and energy markets under pressure, gold and other commodities are likely to remain volatile as investors weigh inflation risks against safe-haven demand.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices declined on Monday but remained well above key levels as investors balanced safe-haven demand against a stronger U.S. dollar and surging oil prices following an escalation in the conflict between the United States, Israel, and Iran. By 02:40 ET (06:40 GMT), spot gold fell 1% to $5,117.82 per ounce, while U.S. gold futures …<\/p>\n","protected":false},"author":9,"featured_media":81892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-124489","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/124489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=124489"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/124489\/revisions"}],"predecessor-version":[{"id":124490,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/124489\/revisions\/124490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81892"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=124489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=124489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=124489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Safe-haven demand keeps gold above $5,000<\/h3>\n\n\n\n
Dollar and oil surge on supply fears<\/h3>\n\n\n\n
Hormuz shipping disruptions heighten risks<\/h3>\n\n\n\n
Gold volatility persists<\/h3>\n\n\n\n
Other precious metals also weaken<\/h3>\n\n\n\n
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