{"id":126546,"date":"2026-05-01T12:51:45","date_gmt":"2026-05-01T08:51:45","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=126546"},"modified":"2026-05-01T12:51:49","modified_gmt":"2026-05-01T08:51:49","slug":"gold-stuck-near-one-month-low-iran-war-inflation-fears-and-hawkish-central-banks-crush-bullion","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-stuck-near-one-month-low-iran-war-inflation-fears-and-hawkish-central-banks-crush-bullion\/05\/01\/market-updates\/","title":{"rendered":"Gold Stuck Near One-Month Low: Iran War Inflation Fears and Hawkish Central Banks Crush Bullion"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Prices slip:<\/strong> Spot gold fell 0.5% to $4,600.06\/oz, while gold futures dropped 0.4% to $4,611.54\/oz \u2014 both close to one-month lows.<\/li>\n\n\n\n<li><strong>Quiet trading:<\/strong> Volumes were muted due to market holidays across most of Asia.<\/li>\n\n\n\n<li><strong>Two months of losses:<\/strong> Spot gold lost roughly 1% in April, extending March&#8217;s near 12% slump.<\/li>\n\n\n\n<li><strong>Central bank hawkish wave:<\/strong> The Fed, ECB, BOE, and BOJ all signaled potential near-term rate hikes amid rising oil prices.<\/li>\n\n\n\n<li><strong>Mixed metals picture:<\/strong> Spot silver rose 0.3% to $74.240\/oz but lost about 2% in April; spot platinum fell 0.4% to $1,982.13\/oz after modest April gains.<\/li>\n\n\n\n<li><strong>Trump weighs strikes:<\/strong> The president was reportedly briefed on additional military options against Iran as peace talks collapsed.<\/li>\n\n\n\n<li><strong>Khamenei stays defiant:<\/strong> Iran&#8217;s Supreme Leader pledged Tehran will maintain control over Hormuz and safeguard its nuclear and missile interests.<\/li>\n\n\n\n<li><strong>Hormuz still shut:<\/strong> The strategic waterway has been effectively blocked by Iran since hostilities began in late February.<\/li>\n\n\n\n<li><strong>Dollar dominates:<\/strong> Safe-haven demand has overwhelmingly favored the greenback over gold throughout the conflict.<\/li>\n<\/ul>\n\n\n\n<p>Gold prices fell during Asian trading on Friday, hovering close to one-month lows as uncertainty surrounding the Iran war and its impact on global interest rates continued to weigh on metal markets.<\/p>\n\n\n\n<p>Spot gold dropped 0.5% to $4,600.06 per ounce by 02:17 ET (06:17 GMT), while gold futures slipped 0.4% to $4,611.54 per ounce.<\/p>\n\n\n\n<p>Trading volumes were muted owing to market holidays across most of Asia.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Gold Nurses Two Months of Losses as Hawkish Signals Pile Up<\/h2>\n\n\n\n<p>Spot prices fell roughly 1% in April, extending losses after a near 12% slump in March, as concerns over rising inflation tied to the Iran war pushed traders firmly into the arms of the dollar.<\/p>\n\n\n\n<p>A sharp climb in oil prices also overshadowed gold, with the Iran war causing widespread disruptions to global crude supplies.<\/p>\n\n\n\n<p>Metal markets came under additional pressure from a wave of hawkish signals from major central banks this week. The Federal Reserve saw a growing number of policymakers sound the alarm on energy-driven inflation, while the European Central Bank, the Bank of England, and the Bank of Japan all hinted at potential near-term rate hikes in the face of climbing oil prices.<\/p>\n\n\n\n<p>Higher interest rates spell trouble for gold and other non-yielding assets, given that they increase the opportunity cost of holding such investments.<\/p>\n\n\n\n<p>Other precious metals steadied on Friday after a mixed performance throughout April. Spot silver rose 0.3% to $74.240 per ounce, but was still down about 2% over the month.<\/p>\n\n\n\n<p>Spot platinum fell 0.4% to $1,982.13 per ounce, but had logged modest gains in the prior month.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">U.S.-Iran Deadlock Shows Few Signs of Easing<\/h2>\n\n\n\n<p>Persistent U.S.-Iran tensions have also kept traders largely averse to gold and tilted toward the dollar.<\/p>\n\n\n\n<p>Reports earlier this week revealed U.S. President Donald Trump was being briefed on additional military options against Iran, particularly as attempts to broker peace talks between Washington and Tehran fell flat.<\/p>\n\n\n\n<p>Iran&#8217;s Supreme Leader, Mojtaba Khamenei, issued a rare statement on Thursday, declaring that Iran will maintain control over the Strait of Hormuz and that Tehran will also safeguard its nuclear and missile interests.<\/p>\n\n\n\n<p>Khamenei said Iran&#8217;s control of Hormuz would bring calm, progress, and economic benefits to all Gulf nations.<\/p>\n\n\n\n<p>His statement followed reports earlier this week indicating that Trump was unhappy with an Iranian proposal to reopen Hormuz and bring the war to an end.<\/p>\n\n\n\n<p>Hormuz has been a central focal point in the conflict, with Iran having effectively blocked the waterway since the outbreak of U.S.-Israeli hostilities in late February.<\/p>\n\n\n\n<p>Gold has largely lagged the dollar since the onset of the Iran conflict, as safe-haven demand for the yellow metal was overwhelmingly eclipsed by fears of energy-driven inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Prices slip: Spot gold fell 0.5% to $4,600.06\/oz, while gold futures dropped 0.4% to $4,611.54\/oz \u2014 both close to one-month lows. Quiet trading: Volumes were muted due to market holidays across most of Asia. Two months of losses: Spot gold lost roughly 1% in April, extending March&#8217;s near 12% slump. Central bank hawkish &hellip;<\/p>\n","protected":false},"author":9,"featured_media":99315,"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-126546","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\/126546","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=126546"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126546\/revisions"}],"predecessor-version":[{"id":126547,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126546\/revisions\/126547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/99315"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=126546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=126546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=126546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}