{"id":127299,"date":"2026-05-18T13:31:05","date_gmt":"2026-05-18T09:31:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=127299"},"modified":"2026-05-18T13:31:08","modified_gmt":"2026-05-18T09:31:08","slug":"gold-crashes-to-6-week-low-soaring-bond-yields-and-trumps-iran-threats-strangle-bullion","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-crashes-to-6-week-low-soaring-bond-yields-and-trumps-iran-threats-strangle-bullion\/05\/18\/market-updates\/","title":{"rendered":"Gold Crashes to 6-Week Low: Soaring Bond Yields and Trump&#8217;s Iran Threats Strangle 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>6-week low hit:<\/strong> Spot gold touched $4,480.79\/oz before recovering, while gold futures fell 0.5% to $4,540.67\/oz.<\/li>\n\n\n\n<li><strong>Spot gold dips slightly:<\/strong> Last at $4,538.79 per ounce after a turbulent session.<\/li>\n\n\n\n<li><strong>Bond yields explode:<\/strong> U.S. 10-year Treasury yields hit a one-month high, while Japanese 10-year yields surged to a 29-year peak.<\/li>\n\n\n\n<li><strong>Iran inflation fears:<\/strong> Markets fret that the prolonged war will fuel inflation and force hawkish central bank action.<\/li>\n\n\n\n<li><strong>Dollar firms:<\/strong> A stronger greenback adds pressure on broader metals.<\/li>\n\n\n\n<li><strong>Silver and platinum fall:<\/strong> Spot silver dropped 1.1% to $74.1810\/oz, while platinum slipped 0.5% to $1,968.10\/oz.<\/li>\n\n\n\n<li><strong>&#8220;Clock is ticking&#8221;:<\/strong> Trump&#8217;s warning to Iran continues to keep tensions elevated.<\/li>\n\n\n\n<li><strong>Barakah drone strike:<\/strong> The UAE attack on the nuclear plant was attributed to Iran \u2014 marking potential escalation.<\/li>\n\n\n\n<li><strong>Renewed strikes weighed:<\/strong> The U.S. and Israel are reportedly considering more military action.<\/li>\n\n\n\n<li><strong>Trump-Xi summit limits:<\/strong> Last week&#8217;s meeting provided little progress on Iran beyond vague trade agreements.<\/li>\n\n\n\n<li><strong>Persistent underperformance:<\/strong> Gold has lagged since the war began as rate fears overshadow safe-haven appeal.<\/li>\n<\/ul>\n\n\n\n<p>Gold prices hit a 1\u00bd-month low in Asian trade on Monday as rising global yields and elevated tensions between the United States and Iran weighed on metal prices.<\/p>\n\n\n\n<p>While the yellow metal did recoup a bulk of its intraday losses, it remained under continued pressure from concerns over inflation and interest rates.<\/p>\n\n\n\n<p>Spot gold slipped slightly to $4,538.79 an ounce by 01:13 ET (05:13 GMT), while gold futures fell 0.5% to $4,540.67 per ounce.<\/p>\n\n\n\n<p>Spot prices hit an intraday low of $4,480.79 per ounce.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Gold Pressured by Iran Inflation Concerns, Bond Sell-Off<\/h2>\n\n\n\n<p>Gold remained on the back foot amid surging yields across the developed world, as markets fretted over the inflationary impact of a prolonged war in the Middle East.<\/p>\n\n\n\n<p>U.S. 10-year Treasury yields were perched at a one-month high, while Japanese 10-year yields hit a 29-year high on Monday, with investors steadily selling down government debt.<\/p>\n\n\n\n<p>Yields surged amid growing bets that energy-driven inflation \u2014 stemming from the Iran war \u2014 will drive interest rates higher and prompt more hawkish central banks across the globe.<\/p>\n\n\n\n<p>Such a scenario bodes poorly for gold, given that rising interest rates increase the opportunity cost of investing in the yellow metal.<\/p>\n\n\n\n<p>The dollar firmed on this notion, pressuring broader metal prices, although they also trimmed some of their intraday losses. Spot silver fell 1.1% to $74.1810 per ounce, while spot platinum fell 0.5% to $1,968.10 per ounce.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Iran Tensions Continue to Boil<\/h2>\n\n\n\n<p>Tensions between the United States and Iran remained high, with President Donald Trump warning that the &#8220;clock was ticking&#8221; for Tehran to accept a peace deal.<\/p>\n\n\n\n<p>A drone strike near the United Arab Emirate&#8217;s Barakah nuclear plant was attributed to Iran, and marked a potential escalation in the conflict.<\/p>\n\n\n\n<p>The U.S. and Israel were seen considering renewed military action against Iran, especially as negotiations over a peace deal yielded few results.<\/p>\n\n\n\n<p>Trump&#8217;s summit in China also provided little progress on Iran. The world&#8217;s two largest economies said they had reached some trade agreements after last week&#8217;s summit, but did not provide clear details.<\/p>\n\n\n\n<p>Gold has largely underperformed since the onset of the U.S.-Israel war on Iran, as concerns over rising interest rates vastly overshadowed the yellow metal&#8217;s safe-haven appeal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways 6-week low hit: Spot gold touched $4,480.79\/oz before recovering, while gold futures fell 0.5% to $4,540.67\/oz. Spot gold dips slightly: Last at $4,538.79 per ounce after a turbulent session. Bond yields explode: U.S. 10-year Treasury yields hit a one-month high, while Japanese 10-year yields surged to a 29-year peak. Iran inflation fears: Markets &hellip;<\/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-127299","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\/127299","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=127299"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127299\/revisions"}],"predecessor-version":[{"id":127300,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127299\/revisions\/127300"}],"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=127299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=127299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=127299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}