{"id":127733,"date":"2026-06-01T12:23:55","date_gmt":"2026-06-01T08:23:55","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=127733"},"modified":"2026-06-01T12:24:02","modified_gmt":"2026-06-01T08:24:02","slug":"gold-slips-as-weekend-iran-strikes-crush-ceasefire-hopes-rate-hike-fears-override-safe-haven-appeal","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-slips-as-weekend-iran-strikes-crush-ceasefire-hopes-rate-hike-fears-override-safe-haven-appeal\/06\/01\/market-updates\/","title":{"rendered":"Gold Slips as Weekend Iran Strikes Crush Ceasefire Hopes: Rate Hike Fears Override Safe-Haven Appeal"},"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>Gold falls:<\/strong> Spot gold dropped 0.8% to $4,501.54 per ounce, while U.S. gold futures declined 1.3% to $4,532.22.<\/li>\n\n\n\n<li><strong>Previous week ended with marginal gains:<\/strong> Last week&#8217;s ceasefire extension hopes briefly supported bullion.<\/li>\n\n\n\n<li><strong>Weekend strikes resume:<\/strong> The U.S. hit Iranian air-defense and drone facilities after Iran allegedly downed a U.S. drone.<\/li>\n\n\n\n<li><strong>Iran retaliates:<\/strong> Tehran attacked a U.S.-used air base, while regional air defenses intercepted missiles and drones.<\/li>\n\n\n\n<li><strong>Israel escalates in Lebanon:<\/strong> Troops pushed deeper into southern Lebanon as fighting with Hezbollah intensified.<\/li>\n\n\n\n<li><strong>Ceasefire talks stall:<\/strong> Key issues remain unresolved; final deal still requires Trump&#8217;s approval.<\/li>\n\n\n\n<li><strong>Oil rebounds:<\/strong> Crude prices jumped on the renewed military action, reinforcing energy cost and inflation concerns.<\/li>\n\n\n\n<li><strong>Rate hike bets mount:<\/strong> Investors who once expected a Fed cut now increasingly price in further tightening.<\/li>\n\n\n\n<li><strong>Dollar firms:<\/strong> DXY edged up 0.1%, making gold pricier for overseas buyers.<\/li>\n\n\n\n<li><strong>Two-month low last week:<\/strong> Gold hit its weakest level in two months before recovering on peace deal optimism.<\/li>\n\n\n\n<li><strong>Fed speakers and jobs data ahead:<\/strong> Markets are watching for rate clues from Fed officials and labor market indicators.<\/li>\n\n\n\n<li><strong>Silver rises:<\/strong> Spot silver edged up 0.5% to $75.69 per ounce.<\/li>\n\n\n\n<li><strong>Platinum gains:<\/strong> Platinum rose 1.1% to $1,940.95 per ounce.<\/li>\n\n\n\n<li><strong>Copper firms:<\/strong> LME copper gained 0.3% to $13,663.33 per ton.<\/li>\n<\/ul>\n\n\n\n<p>Gold prices fell on Monday as fresh military exchanges between the United States and Iran dampened ceasefire negotiation hopes, reinforcing inflation fears that have fueled expectations of a Federal Reserve rate hike this year.<\/p>\n\n\n\n<p>Spot gold fell 0.8% to $4,501.54 an ounce by 02:57 ET (06:57 GMT), while U.S. gold futures declined 1.3% to $4,532.22 per ounce.<\/p>\n\n\n\n<p>The precious metal ended the previous week with marginal gains on hopes of a U.S.-Iran ceasefire extension.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Weekend Strikes Shatter Peace Optimism<\/h2>\n\n\n\n<p>The U.S. military said it struck Iranian military sites over the weekend, targeting air-defense and drone-related facilities after Iran allegedly downed a U.S. drone.<\/p>\n\n\n\n<p>Tehran responded by attacking an air base used by U.S. forces, while regional air defenses intercepted missiles and drones.<\/p>\n\n\n\n<p>At the same time, Israel ordered troops deeper into southern Lebanon as fighting with the Iranian-backed Hezbollah group intensified.<\/p>\n\n\n\n<p>While reports last week suggested both sides were discussing an extension of a temporary truce and the reopening of shipping routes through the Strait of Hormuz, key issues remain unresolved, and any final agreement still requires approval from U.S. President Donald Trump.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Inflation and Rate Fears Weigh on Bullion<\/h2>\n\n\n\n<p>Crude prices rebounded on Monday after the latest military moves, reinforcing concerns that energy costs could remain high and complicate the Fed&#8217;s inflation fight.<\/p>\n\n\n\n<p>Investors have increasingly shifted focus toward the possibility of further U.S. monetary tightening \u2014 a stark reversal from the rate cut expectations that prevailed before the war began.<\/p>\n\n\n\n<p>Higher interest rates tend to weigh on non-yielding assets such as gold.<\/p>\n\n\n\n<p>The U.S. Dollar Index edged up 0.1% in Asian hours, also pressuring bullion by making it costlier for buyers using other currencies.<\/p>\n\n\n\n<p>Gold has struggled in recent sessions despite its traditional role as a hedge against geopolitical uncertainty and inflation. The metal fell to a two-month low last week before recovering as ceasefire talks temporarily eased concerns over a broader regional conflict.<\/p>\n\n\n\n<p>Traders are now closely watching speeches from Federal Reserve officials and upcoming U.S. economic data, including labor market indicators, for further clues on the interest-rate outlook.<\/p>\n\n\n\n<p>Among other precious metals, silver prices edged up 0.5% to $75.69 per ounce, while platinum rose 1.1% to $1,940.95 per ounce.<\/p>\n\n\n\n<p>Benchmark copper futures on the London Metal Exchange edged up 0.3% to $13,663.33 a ton, while U.S. copper futures also gained 0.3% to $6.44 a pound.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Gold falls: Spot gold dropped 0.8% to $4,501.54 per ounce, while U.S. gold futures declined 1.3% to $4,532.22. Previous week ended with marginal gains: Last week&#8217;s ceasefire extension hopes briefly supported bullion. Weekend strikes resume: The U.S. hit Iranian air-defense and drone facilities after Iran allegedly downed a U.S. drone. Iran retaliates: Tehran &hellip;<\/p>\n","protected":false},"author":9,"featured_media":94364,"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-127733","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\/127733","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=127733"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127733\/revisions"}],"predecessor-version":[{"id":127734,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127733\/revisions\/127734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/94364"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=127733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=127733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=127733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}