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Gold prices declined in Asian trading on Thursday, returning to a trading range seen over the past week as escalating tensions between the United States, Israel, and Iran boosted the U.S. dollar and oil prices, limiting the metal\u2019s upside.<\/p>\n\n\n\n
By 01:33 ET (05:33 GMT)<\/strong>, spot gold fell 0.6% to $5,147.05 per ounce<\/strong>, while U.S. gold futures dropped 0.5% to $5,151.86 per ounce<\/strong>.<\/p>\n\n\n\n Despite the decline, gold continued to trade within the $5,000\u2013$5,200 range<\/strong>, supported by persistent safe-haven demand as geopolitical uncertainty remains elevated.<\/p>\n\n\n\n Gold\u2019s weakness came as financial markets focused on rising oil prices and a strengthening dollar amid the ongoing conflict in the Middle East.<\/p>\n\n\n\n The U.S. Dollar Index gained 0.2% in Asian trading<\/strong>, hovering close to a two-month high<\/strong>, which tends to weigh on gold by making the metal more expensive for international buyers.<\/p>\n\n\n\n At the same time, oil prices surged sharply, briefly rising above $100 per barrel<\/strong> after reports that two international oil tankers were struck near Iraq<\/strong>.<\/p>\n\n\n\n Additional reports indicated that Oman evacuated a key oil export terminal<\/strong>, while Iran moved to block the Strait of Hormuz<\/strong>, a vital shipping route responsible for roughly 20% of global oil supply<\/strong>.<\/p>\n\n\n\n The sharp rise in crude prices has increased concerns about a renewed surge in global inflation.<\/p>\n\n\n\n Higher energy costs could prompt central banks to maintain a more hawkish monetary policy stance<\/strong>, potentially keeping interest rates elevated for longer\u2014an unfavorable environment for non-yielding assets such as gold<\/strong>.<\/p>\n\n\n\n Other precious metals also moved lower on Thursday.<\/p>\n\n\n\n Metal markets have been highly volatile this week, reacting to conflicting signals about the trajectory of the Iran conflict.<\/p>\n\n\n\n U.S. President Donald Trump<\/strong> and other officials have repeatedly suggested the war could end soon, even as fighting between the United States, Israel, and Iran continues with no clear signs of de-escalation.<\/p>\n\n\n\n Gold briefly climbed above $5,200 per ounce on Wednesday<\/strong>, but retreated after the release of U.S. consumer price index (CPI) data<\/strong>, which came in line with expectations.<\/p>\n\n\n\n While the inflation reading provided few surprises, it failed to alleviate concerns that rising energy prices could push inflation higher in the coming months.<\/p>\n\n\n\n Investors are now turning their attention to the U.S. Personal Consumption Expenditures (PCE) price index<\/strong>, due on Friday.<\/p>\n\n\n\n The PCE index is the Federal Reserve\u2019s preferred measure of inflation<\/strong> and is expected to offer more insight into price pressures in the U.S. economy during the first month of 2026.<\/p>\n\n\n\n Although the upcoming data is unlikely to reflect the immediate energy shock from the Iran conflict, it could influence longer-term expectations for inflation and the future path of U.S. monetary policy.<\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices declined in Asian trading on Thursday, returning to a trading range seen over the past week as escalating tensions between the United States, Israel, and Iran boosted the U.S. dollar and oil prices, limiting the metal\u2019s upside. By 01:33 ET (05:33 GMT), spot gold fell 0.6% to $5,147.05 per ounce, while U.S. gold …<\/p>\n","protected":false},"author":13,"featured_media":99036,"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-124565","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\/124565","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=124565"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/124565\/revisions"}],"predecessor-version":[{"id":124612,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/124565\/revisions\/124612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/99036"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=124565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=124565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=124565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Dollar and oil rally weigh on bullion<\/h3>\n\n\n\n
Inflation fears pressure gold outlook<\/h3>\n\n\n\n
Metal markets react to mixed war signals<\/h3>\n\n\n\n
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Inflation data in focus<\/h3>\n\n\n\n