Gold Slips as US–Iran Diplomacy in Focus

2026-04-27 23:42 By Jam Kaimo Samonte 1 min. read

Gold fell toward $4,650 an ounce on Tuesday, extending losses from the previous session as investors assessed renewed diplomatic efforts to resolve the US–Iran conflict, which has triggered a historic energy supply shock and intensified inflation concerns.

Tehran reportedly delivered a fresh proposal to Washington through Pakistani mediators, offering to reopen the Strait of Hormuz if the US lifts its blockade, while deferring talks on Iran’s nuclear program.

The US remains cautious about the proposal and is expected to respond with counteroffers in the coming days, with Tehran’s nuclear ambitions continuing to be a major sticking point.

Investors are also looking ahead to policy decisions from key central banks this week, including the Fed, ECB, and BOJ.

Elevated energy prices driven by the Middle East conflict have fueled inflation fears and increased expectations that central banks may keep interest rates higher for longer or even tighten further, weighing on non-yielding bullion.



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Gold Slips as US–Iran Diplomacy in Focus
Gold fell toward $4,650 an ounce on Tuesday, extending losses from the previous session as investors assessed renewed diplomatic efforts to resolve the US–Iran conflict, which has triggered a historic energy supply shock and intensified inflation concerns. Tehran reportedly delivered a fresh proposal to Washington through Pakistani mediators, offering to reopen the Strait of Hormuz if the US lifts its blockade, while deferring talks on Iran’s nuclear program. The US remains cautious about the proposal and is expected to respond with counteroffers in the coming days, with Tehran’s nuclear ambitions continuing to be a major sticking point. Investors are also looking ahead to policy decisions from key central banks this week, including the Fed, ECB, and BOJ. Elevated energy prices driven by the Middle East conflict have fueled inflation fears and increased expectations that central banks may keep interest rates higher for longer or even tighten further, weighing on non-yielding bullion.
2026-04-27
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