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Update: Gold Edges Lower as the Dollar Steadies

(Updates prices.)Gold prices eased midafternoon Friday, remaining rangebound as the dollar steadied.Gold for June delivery was last seen down US$19.30 to US$4,523.20 per ounce.The price of the metal has traded within a tight US$200 range for the past month, sticking above US$4,500 despite fears of rising interest rates as inflation surges with the war on Iran hiking energy costs. However the price of oil has moderated from the four-year highs touched in April, lowering concerns central banks will need to raise interest rates to slow price rises."Gold holds above US$4,500, trading within a relatively narrow range after finding renewed support earlier in the week as crude oil prices eased amid ongoing US-Iran talks. Lower oil prices helped reduce pressure on central banks to hike rates while stabilizing the long end of the yield curve," Saxo Bank noted.The dollar was mostly steady early, with the ICE dollar index last seen down 0.04 points to 99.22. Treasury yields were mixed, with the yield on the U.S. two-year note up 4.4 basis points to 4.134%, while the 10-year note was paying 4.562%, down 1,1 points.

Gold Edges Lower as USD and Treasury Yields Steady

Gold prices eased early Friday, remaining rangebound as the dollar and yields steady.Gold for June delivery was last seen down $15.10 to US$4,527.40 per ounce.The price of the metal has traded within a tight US$200 range for the past month, sticking above US$4,500 despite fears of rising interest rates as inflation surges with the war on Iran hiking energy costs. However the price of oil has moderated from the four-year highs touched in April, lowering concerns central banks will need to raise interest rates to slow price rises."Gold holds above US$4,500, trading within a relatively narrow range after finding renewed support earlier in the week as crude oil prices eased amid ongoing US-Iran talks. Lower oil prices helped reduce pressure on central banks to hike rates while stabilizing the long end of the yield curve," Saxo Bank noted.The dollar was mostly steady early, with the ICE dollar index last seen up 0.05 points to 99.31. Treasury yield eased, bullish for gold, with the yield on the U.S. two-year note down 0.7 basis points to 4.085%, while the 10-year note was paying 4.552%, down 2.2 points.

Update: Gold Rises as the Dollar and Yields Moderate as Iran Considers a Fresh U.S. Peace Offer

(Updates prices.)Gold edged higher midafternoon Thursday, moving up from early losses as the dollar and yields moderated despite an uncertain outlook for a peace deal between Iran and the United States.Gold for June delivery was last seen up US$7.70 to US$4,543.00 per ounce after earlier touching US$4,488.30.The drop comes after the United States on Wednesday sent Iran a fresh peace offer. Though Iran has not formally responded, reports said the country's Supreme Leader has refused to end the country's nuclear program, a key U.S. demand, boosting oil prices along with the dollar and yields as the market fears energy inflation will lead to higher interest rates. The price of the precious metal has remained rangebound since late March as the inflation concerns push up bond yields and the dollar, both bearish for gold."Bullion is currently showing unusually elevated inverse correlations with bond yields, the dollar and crude oil, highlighting the reaction function driving current price action," Saxo Bank noted.The dollar rose early, with the ICE dollar index last seen up 0.08 points to 99.17, after earlier touching 99.52. Treasury yields also fell off session highs, with the U.S. two-year note last seen paying 4.062%, down 0.6 basis points, while the yield on the 10-year note was down 2.9 points to 4.563%.

Gold Trading Lower as USD and Yields Climb While Iran Considers a Fresh U.S. Peace Offer

Gold traded lower early Thursday as the dollar and yields rose on an uncertain outlook for a peace deal between Iran and the United States.Gold for June delivery was last seen down $19.00 to US$4,516.30 per ounce.The drop comes after the United States on Wednesday sent Iran a fresh peace offer. Though Iran has not formally responded, reports said the country's Supreme Leader has refused to end the country's nuclear program, a key U.S. demand, boosting oil prices along with the dollar and yields as the market fears energy inflation will lead to higher interest rates. The price of the precious metal has remained rangebound since late March as the inflation concerns push up bond yields and the dollar, both bearish for gold."Bullion is currently showing unusually elevated inverse correlations with bond yields, the dollar and crude oil, highlighting the reaction function driving current price action," Saxo Bank noted.The dollar rose early, with the ICE dollar index last seen up 0.25 points to 99.34. Treasury yields were also higher, with the U.S. two-year note last seen paying 4.119%, up 4.9 basis points, while the yield on the 10-year note was up 3.1 points to 4.623%.

Market Chatter: Gold Steadied as Traders Weigh Prospects of US-Iran Peace Deal

Gold traded in a narrow range as traders once again waited to see whether hopes of a peace deal in the Middle East would develop into something more concrete, Bloomberg reported about an hour a go this Thursday morning.It said bullion hovered just above US$4,500 an ounce, having risen 1.4% in the previous session. Iran is assessing the latest peace proposal from the US, although Tehran gave no indication of when it would respond, it noted.Spot gold had edged down 0.3% to $4,532.01 an ounce at 9:30 a.m. in London.(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Update: Gold Trading Higher as Yields and the Dollar Decline

(Updates prices.)Gold traded higher midafternoon Wednesday as treasury yields and the dollar fell.Gold for June delivery was last seen up US$25.90 to US$4,537.10 per ounce.The price of the precious metal has been challenged by a higher dollar and rising bond yields as investors fret the high oil prices that have followed the war on Iran will force central banks to hike interest rates to stave off rising inflation."Gold trades lower on Fed hike anxiety as the dollar, and not least bond yields, continue to rise amid inflation concerns driven by the Middle East conflict and prolonged disruption to the supply of key commodities moving from the Persian Gulf through the almost closed Strait of Hormuz," Saxo Bank noted.The dollar weakened, with the ICE dollar index last seen down 0.19 points to 99.13. Treasury yields eased off 15-month highs, with the U.S. two-year note last seen down 7.0 basis points to 4.057% after rising to the highest since February 2025 a day earlier, while the 10-year note was paying 4.586%, down 8.5 points.

Gold Edges Lower Even as Yields Ease and the Dollar Steadies

Gold prices fell for a third-straight session early Wednesday even as treasury yields eased and the dollar steadied. Gold for June delivery was last seen down $11.30 to US$4,499.90 per ounce, the lowest since March 26.The price of the precious metal has been challenged by a higher dollar and rising bond yields as investors fret the high oil prices that have followed the war on Iran will force central banks to hike interest rates to stave off rising inflation."Gold trades lower on Fed hike anxiety as the dollar, and not least bond yields, continue to rise amid inflation concerns driven by the Middle East conflict and prolonged disruption to the supply of key commodities moving from the Persian Gulf through the almost closed Strait of Hormuz," Saxo Bank noted.The dollar was mostly steady early, with the ICE dollar index last seen up 0.02 points to 99.35. Treasury yields eased off 15-month highs, with the U.S. two-year note last seen down 0.8 basis points to 4.119% after rising to the highest since February 2025 a day earlier, while the 10-year note was paying 4.655%, down 1.6 points.

Update: Gold Trading Lower as USD and Yields Rise on Inflation Worries

(Updates prices.)Gold moved lower midafternoon Tuesday as the dollar and yields continued to climb on rising concerns higher interest rates are coming as oil prices rise due to the war on Iran.Gold for June delivery was last seen down US$45.80 to US$4,509.50 per ounce.The price of the precious metal has remained rangebound for the past two months after the United States and Israel launched their war on Iran. Iran's blockade of the Strait of Hormuz has shut in exports of a fifth of daily oil supply, raising oil prices by more than half and hiking inflation. Traders have turned away from gold towards the dollar as treasury yields climb on expectations central banks will hike interest rates to slow rising prices."Gold continues to hold above support around US$4,500, with the next key downside level being the 200-day moving average, last seen near US$4,355. Traders remain focused on the Middle East crisis and the inflationary impact of sustained higher energy prices, which are pushing global inflation higher while forcing central banks to shift their focus toward potential rate hikes," Saxo Bank wrote.The dollar rose early, with the ICE dollar index last seen up 0.08 points to 99.28. Treasury yields surged, with the U.S. two year note last seen paying 4.103%, up 4.4 basis points, while the yield on the 10-year note was up 6.1 points to 4.654%.

Gold Edges Lower as USD and Yields Rise on Inflation Worries

Gold prices edged lower early Tuesday as the dollar and yields continued to climb on rising concerns higher interest rates are coming as oil prices rise due to the war on Iran.Gold for June delivery was last seen down $19.90 to US$4,538.10 per ounce.The price of the precious metal has remained rangebound for the past two months after the United States and Israel launched their war on Iran. Iran's blockade of the Strait of Hormuz has shut in exports of a fifth of daily oil supply, raising oil prices by more than half and hiking inflation. Traders have turned away from gold towards the dollar as treasury yields climb on expectations central banks will hike interest rates to slow rising prices."Gold continues to hold above support around US$4,500, with the next key downside level being the 200-day moving average, last seen near US$4,355. Traders remain focused on the Middle East crisis and the inflationary impact of sustained higher energy prices, which are pushing global inflation higher while forcing central banks to shift their focus toward potential rate hikes," Saxo Bank wrote.The dollar rose early, with the ICE dollar index last seen up 0.14 points to 99.34. Treasury yields surged, with the U.S. two year note last seen paying 4.114%, up 5.5 basis points to the highest since February 2025, while the yield on the 10-year note was up 7.2 points to 4.665%.

Update: Gold Falls as the USD and Treasury Yields Surge on Inflation Worries

(Updates prices)Gold traded lower midafternoon Friday as the dollar and yields climbed on concerns around inflation and concerns the rise in oil prices will force central banks to hike interest rates.Gold for June delivery was last seen down $119.40 to US$4,565.90 per ounce.The drop comes as traders continue to turn to the dollar and bonds to counter fears of higher interest rates, seeing gold as no safe store of value amid rising inflation. The United States this week reported consumer and wholesale prices surged last month as the war on Iran produced the largest-ever energy supply shock, pushing up oil prices by half."Inflation data saw yields rise and gold fall. Overall, the Iran conflict has held gold back despite the abundant uncertainty. We still expect for that uncertainty to turn more gold positive eventually," Christopher Louney, a gold and natural gas analyst at RBC Capital Markets, wrote.The dollar rose early, with the ICE dollar index last seen up 0.41 points to 99.23, the highest since April 7. Treasury yields were also sharply higher. The yield on the two-year note was last seen up 6.0 basis points to 4.09%, while the 10-year note was paying 4.598%, up 10.9 points to the highest since May 21. 2025.

Gold Falls as the USD and Treasury Yields Surge on Inflation Worries

Gold traded sharply lower early Friday as the dollar and yields climbed on concerns around inflation and concerns the rise in oil prices will force central banks to hike interest rates.Gold for June delivery was last seen down $136.10 to US$4,549.20 per ounce, the lowest since May 4.The drop comes as traders continue to turn to the dollar and bonds to counter fears of higher interest rates, seeing gold as no safe store of value amid rising inflation. The United States this week reported consumer and wholesale prices surged last month as the war on Iran produced the largest-ever energy supply shock, pushing up oil prices by half."Inflation data saw yields rise and gold fall. Overall, the Iran conflict has held gold back despite the abundant uncertainty. We still expect for that uncertainty to turn more gold positive eventually," Christopher Louney, a gold and natural gas analyst at RBC Capital Markets, wrote.The dollar rose early, with the ICE dollar index last seen up 0.41 points to 99.23, the highest since April 7. Treasury yields were also sharply higher. The yield on the two-year note was last seen up 4.1 basis points to 4.071, while the 10-year note was paying 4.563%, up 7.4 points to the highest since May 21. 2025.

Update: Gold Trading Lower as the Dollar Rises Following U.S. Retail Sales Data

(Updates prices.)Gold moved lower midafternoon Thursday as the dollar rose after a report showed U.S. retail-sales growth slowed in April.Gold for June delivery was last seen down US$22.20 to US$4,684.50.The U.S. Census Bureau reported retail sales roes by 0.5% last month, down from a revised 1.6% in March but matching expectations according to Marketwatch.The report follows on day-prior data showing wholesale prices rose by the most in four years in April, with oil prices surging amid the war on Iran, raising concerns the Federal Reserve will need to raise interest rates to slow inflation caused by higher oil prices.The threat of higher interest rates has kept gold rangebound, with the metal trading in a tight range for the past six weeks.The dollar rose following the report, with the ICE dollar index last seen up 0.27 points to 98.79. Treasury yields steadied, with the yield on the U.S. two-year note was last seen up 0.2 basis points to 3.994%, while the 10-year note was paying 4.457%, down 1.2 points.

Gold Edges Higher as Treasury Yields Ease Following U.S. Retail Sales Data

Gold edged higher early Thursday as treasury yields eased after a report showed U.S. retail-sales growth slowed in April.Gold for June delivery was last seen up $4.00 to US$4,710.70.The U.S. Census Bureau reported retail sales roes by 0.5% last month, down from a revised 1.6% in March but matching expectations according to Marketwatch.The report follows on day-prior data showing wholesale prices rose by the most in four years with oil prices surging amid the war on Iran, raising concerns the Federal Reserve will need to raise interest rates to slow inflation caused by higher oil prices.The threat of higher interest rates has kept gold rangebound, with the metal trading in a tight range for the past six weeks.Treasury yields fell following the sales data, bullish for gold since it pays no interest. The yield on the U.S. two-year note was last seen down 2.3 basis points to 3.969%, while the 10-year note was paying 4.443%, down 2.6 points. The dollar edged higher, with the ICE dollar index last seen up 0.5 points to 98.58.

Update: Gold Edges Up Even as the Dollar Rises After U.S. Wholesale Inflation Surged Last Month

(Updates prices.)Gold edged higher midafternoon Wednesday even as the dollar rose after a report showed U.S. wholesale inflation surged in April.Gold for June delivery was last seen up $17.90 to US$4,704.60 per ounce.The U.S. Bureau of Labor Statistics reported the Producer Price Index (PPI) rose at a 1.4% monthly pace from March, up from 0.7% a month earlier and well ahead of the consensus expectation for a rise of 0.5%, according to Marketwatch. On an annualized basis, PPI was up 6.0% in April, up from 4.3% a month earlier. Core PPI, excluding volatile food and energy, rose 4.4% annualized, up from 3.7% in March."The April increase is the largest advance since rising 1.7 percent in March 2022. On an unadjusted basis, the index for final demand rose 6.0 percent for the 12 months ended in April, the largest 12-month increase since moving up 6.4 percent in December 2022," the bureau noted.The report comes a day after the bureau reported the Consumer Price Index rose 3.8% year over year in April, up from 3.3% in March.Inflation has surged since the war on Iran pushed up oil prices by more than half, raising worries central banks will raise interest rates to slow rising prices, bearish for gold since it pays no interest."At the last Fed decision, three members dissented against the bank's decision to maintain its "easing bias", and the question is whether more rate setters will join that group at the next rate decision if energy prices remain high," Gustav Helgesson, Macro Strategist at SEB Research, wrote.The dollar was higher, with the ICE dollar index last seen up 0.21 points to 98.51. Treasury yields were also higher, with the yield on the U.S. two-year note up 0.2 basis points to 4.0%, while the 10-year note was up 1.6 points to 4.486%.

Gold Steady As USD Rises After U.S. Wholesale Inflation Surged Last Month

Gold was steady early Wednesday even as the dollar rose after a report showed U.S. wholesale inflation surged in April.Gold for June delivery was last seen up $2.50 to US$4,689.20 per ounce.The U.S. Bureau of Labor Statistics reported the Producer Price Index (PPI) rose at a 1.4% monthly pace from March, up from 0.7% a month earlier and well ahead of the consensus expectation for a rise of 0.5%, according to Marketwatch. On an annualized basis, PPI was up 6.0% in April, up from 4.3% a month earlier. Core PPI, excluding volatile food and energy, rose 4.4% annualized, up from 3.7% in March."The April increase is the largest advance since rising 1.7 percent in March 2022. On an unadjusted basis, the index for final demand rose 6.0 percent for the 12 months ended in April, the largest 12-month increase since moving up 6.4 percent in December 2022," the bureau noted.The report comes a day after the bureau reported the Consumer Price Index rose 3.8% year over year in April, up from 3.3% in March.Inflation has surged since the war on Iran pushed up oil prices by more than half, raising worries central banks will raise interest rates to slow rising prices, bearish for gold since it pays no interest."At the last Fed decision, three members dissented against the bank's decision to maintain its "easing bias", and the question is whether more rate setters will join that group at the next rate decision if energy prices remain high," Gustav Helgesson, Macro Strategist at SEB Research, wrote.The dollar was higher early, with the ICE dollar index last seen up 0.26 points to 98.55. Treasury yields were also higher, with the yield on the U.S. two-year note up 0.6 basis points to 4.004%, while the 10-year note was up 1.0 points to 4.48%.

Update: Gold Trading Lower as the Dollar and Yields Rise as U.S. Inflation Surged Last Month

(Updates prices.)Gold moved lower midafternoon Tuesday, dropping for a second day as the dollar and yields rose after the United States reported inflation continued to surge last month on higher energy prices that followed the war on Iran.Gold for June delivery was last seen down $43.50 to US$4,685.20 per ounce.The U.S. Bureau of Labor Statistics reported the April Consumer Price Index (CPI) rose at a 3.8% annualized pace, up from 3.3% in March, but matching expectations according to Marketwatch.Core CPI, excluding food and energy costs, rose 2.8%, up from 2.6% a month earlier, and above consensus estimates for a 2.7% rise.The rise comes as the Strait of Hormuz has been blocked since Feb. 28, when the United States and Israel launched the war on Iran, keeping 20% of daily oil demand supplied by Persian Gulf nations from the market, creating the largest-ever energy supply shock and raising oil prices by nearly half.Rising energy costs have raised concerns central banks will hike interest rates to slow inflation, sending investors to bonds and the dollar and keeping gold rangebound."Gold's rally has paused as higher real rates cap upside, but ongoing geopolitical risks and solid central-bank demand should provide downside support," TD Economics wrote.The dollar rose following the CPI report, with the ICE dollar index last seen up 0.42 points to 98.38. Treasury yields also rose, with the yield on the U.S. two-year note up 4.0 basis points to 4.006%, while the 10-year note was paying 4.46%, up 4.7 points.

Gold Trading Lower as USD and Yields Rise as U.S. Inflation Surged Last Month

Gold moved lower early Tuesday, dropping for a second day as the dollar and yields rose after the United States reported inflation continued to surge last month on higher energy prices that followed the war on Iran. Gold for June delivery was last seen down $28.80 to US$4,700.50 per ounce.The U.S. Bureau of Labor Statistics reported the April Consumer Price Index (CPI) rose at a 3.8% annualized pace, up from 3.3% in March, but matching expectations according to Marketwatch.Core CPI, excluding food and energy costs, rose 2.8%, up from 2.6% a month earlier, and above consensus estimates for a 2.7% rise.The rise comes as the Strait of Hormuz has been blocked since Feb. 28, when the United States and Israel launched the war on Iran, keeping 20% of daily oil demand supplied by Persian Gulf nations from the market, creating the largest-ever energy supply shock and raising oil prices by nearly half.Rising energy costs have raised concerns central banks will raise interest rates to slow inflation, sending investors to bonds and the dollar and keeping gold rangebound."Gold's rally has paused as higher real rates cap upside, but ongoing geopolitical risks and solid central-bank demand should provide downside support," TD Economics wrote.The dollar rose following the CPI report, with the ICE dollar index last seen up 0.29 points to 98.25. Treasury yields also rose, with the yield on the U.S. two-year note up 2.5 basis points to 3.994%, while the 10-year note was paying 4.446%, up 3.3 points.

Update: Gold Steady as the U.S. Dismisses Iran's Peace Demands

(Updates prices.)Gold was steady midafternoon Monday after the United States rejected Iran's response to its peace plan offered last week, calling the country's response unacceptable.Gold for June delivery was last seen up US$0.60 to US$4,731.30 per ounce.Iran replied to a U.S. peace offer made last week with a plan of its own, delivering a response on Sunday that included demands for compensation for war damages, acknowledgement of its control of the Strait of Hormuz, an end to Israel's war on Lebanon and the removal of sanctions on its oil exports and nuclear enrichment program.Iran's demands were dismissed by U.S. President Trump. who called them "totally unacceptable" in a social media post.The war, now in its tenth week, has boosted inflation as energy costs rise, with the blockade of the Strait of Hormuz keeping exports of 20% of daily oil demand supplied by Persian Gulf nations from the market. The threat of rising costs forcing central banks to raise interest rates has sent traders to the U.S. dollar and bonds, keeping gold rangebound.The dollar also steadied, with the ICE dollar index last seen up 0.1 point to 97.91. Treasury yields rose, with the U.S. two-year note last seen paying 3.943%, up 4.8 basis points, while the yield on the 10-year note was up 5.1 points to 4.409%.

Gold Falls as the U.S. Dismisses Iran's Peace Demands, Boosting the Dollar and Yields

Gold traded lower early Monday as the dollar and yields rose after the United States rejected Iran's response to its peace plan offered last week, calling the country's response unacceptable.Gold for June delivery was last seen down $34.20 to US$4,696.50 per ounce.Iran replied to a U.S. peace offer made last week with a plan of its own, delivering a response on Sunday that included demands for compensation for war damages, acknowledgement of its control of the Strait of Hormuz, an end to Israel's war on Lebanon and the removal of sanctions on its oil exports and nuclear enrichment program.Iran's demands were dismissed by U.S. President Trump. who called the demands "totally unacceptable" in a social media post.The war, now in its tenth week, has boosted inflation as energy costs rise, with the blockade of the Strait of Hormuz keeping exports of 20% of daily oil demand supplied by Persian Gulf nations from the market. The threat of rising costs forcing central banks to raise interest rates has sent traders to the U.S. dollar and bonds, keeping gold rangebound."Gold trades lower after Donald Trump rejected Iran's latest proposal, lifting both the dollar and U.S. bond yields....Overall, gold remains rangebound, with support established ahead of US$4,500, while resistance is seen at the 50-day moving average, currently near US$4,768."The dollar rose early, with the ICE dollar index last seen up 0.8 points to 97.98. Treasury yields also rose, with the U.S. two-year note last seen paying 3.922%, up 2.7 basis points, while the yield on the 10-year note was up 2.9 points to 4.386%.

Gold Settled Up 0.4% Friday, and Silver Rose 0.9%, With Both Metals Up For a Fourth-consecutive Session and Posting Gains For the Week, says The WSJ