Gold Steady as US-Iran Talks Awaited

2026-04-27 10:15 By Joana Ferreira 1 min. read

Gold prices remained largely unchanged at $4,700 an ounce on Monday, with investors adopting a wait-and-see approach as stalled US-Iran peace talks and a busy week of economic data and central bank meetings loom.

The precious metal ended last week down 2.5%, breaking a four-week streak of gains.

Reports indicate Iran presented the US with a new proposal to reopen the Strait of Hormuz, following US President Donald Trump’s cancellation of a planned trip by senior envoys to Islamabad for talks with Iran over the weekend.

The prolonged stalemate has pushed oil prices higher, amplifying inflation concerns and reinforcing expectations that central banks may maintain or even raise interest rates to counter inflationary pressures.

This week, major central banks, including the Federal Reserve, are expected to keep rates unchanged.

However, markets will closely watch for any signals that officials are growing increasingly concerned about the inflation risks stemming from the US-Iran conflict.



News Stream
Gold Steady as US-Iran Talks Awaited
Gold prices remained largely unchanged at $4,700 an ounce on Monday, with investors adopting a wait-and-see approach as stalled US-Iran peace talks and a busy week of economic data and central bank meetings loom. The precious metal ended last week down 2.5%, breaking a four-week streak of gains. Reports indicate Iran presented the US with a new proposal to reopen the Strait of Hormuz, following US President Donald Trump’s cancellation of a planned trip by senior envoys to Islamabad for talks with Iran over the weekend. The prolonged stalemate has pushed oil prices higher, amplifying inflation concerns and reinforcing expectations that central banks may maintain or even raise interest rates to counter inflationary pressures. This week, major central banks, including the Federal Reserve, are expected to keep rates unchanged. However, markets will closely watch for any signals that officials are growing increasingly concerned about the inflation risks stemming from the US-Iran conflict.
2026-04-27
Gold Rises on Reports of Iran Proposal
Gold climbed back above $4,700 an ounce on Monday, reversing losses from earlier in the session after reports emerged that Iran had submitted a new proposal to the US aimed at reopening the Strait of Hormuz and ending the war. The proposal, reportedly delivered via Pakistani mediators, called for extending the ceasefire to allow progress toward a permanent end to hostilities, while deferring nuclear negotiations until the US blockade of the strait is lifted. Earlier in the session, gold had fallen after US President Donald Trump cancelled a planned trip by senior envoys to resume talks with Iran in Islamabad, while Tehran reiterated it would not engage in negotiations under threats or blockade conditions. Despite the rebound, non-yielding bullion remains under pressure overall as elevated inflation risks stemming from the Middle East conflict reinforce expectations that central banks may keep interest rates higher for longer or potentially tighten further.
2026-04-27
Gold Falls as US-Iran Talks Break Down
Gold fell below $4,700 an ounce on Monday, extending last week’s losses as attempts to revive US–Iran peace negotiations faltered and the Strait of Hormuz remained effectively closed, heightening concerns over persistent inflationary pressures. US President Donald Trump cancelled a planned trip by top envoys to resume talks with Iran in Islamabad, while Tehran reiterated it would not engage in negotiations under threats or blockade. Meanwhile, oil prices rallied as the Middle East conflict entered its ninth week, triggering what the IEA has characterized as the largest energy supply shock on record. Elevated inflation risks have strengthened expectations that central banks may keep interest rates higher for longer or even tighten further, weighing on non-yielding bullion. The US Federal Reserve is also expected to proceed cautiously, with gradual rate cuts anticipated under incoming Chair Kevin Warsh.
2026-04-26