Gold Rises in Iran Deal Hopes

2026-05-24 23:47 By Jam Kaimo Samonte 1 min. read

Gold climbed toward $4,600 an ounce on Monday, recovering losses from last week as increasing optimism over a potential US-Iran agreement eased concerns about inflation and interest rate hikes.

Reports indicated that the proposed deal could reopen the Strait of Hormuz, end hostilities, release some frozen Iranian assets, and lay the groundwork for additional negotiations aimed at restricting Tehran’s nuclear program.

However, President Donald Trump said the US would keep its blockade of the Strait of Hormuz in place until a formal agreement is finalized.

Despite Monday’s rebound, gold remains roughly 13% lower since the Middle East conflict began, as fears of an energy-driven inflation shock fueled expectations that central banks may need to maintain tighter monetary policy.

Investors also continued to assess the outlook for Federal Reserve policy after Governor Christopher Waller signaled he no longer believed the central bank should retain an easing bias in its policy statement.



News Stream
Gold Rises in Iran Deal Hopes
Gold climbed toward $4,600 an ounce on Monday, recovering losses from last week as increasing optimism over a potential US-Iran agreement eased concerns about inflation and interest rate hikes. Reports indicated that the proposed deal could reopen the Strait of Hormuz, end hostilities, release some frozen Iranian assets, and lay the groundwork for additional negotiations aimed at restricting Tehran’s nuclear program. However, President Donald Trump said the US would keep its blockade of the Strait of Hormuz in place until a formal agreement is finalized. Despite Monday’s rebound, gold remains roughly 13% lower since the Middle East conflict began, as fears of an energy-driven inflation shock fueled expectations that central banks may need to maintain tighter monetary policy. Investors also continued to assess the outlook for Federal Reserve policy after Governor Christopher Waller signaled he no longer believed the central bank should retain an easing bias in its policy statement.
2026-05-24
Gold Heads for Second Straight Weekly Decline as Rate Hike Fears Bite
Gold fell to $4,500 per ounce on Friday, heading for a second consecutive weekly decline, as elevated oil prices fueled inflation concerns and boosted expectations for a US interest rate hike this year. Crude held near four-year highs as investors remained cautious about the prospects for a breakthrough in US-Iran peace talks. Iranian media reported that Iran’s foreign minister met Pakistan’s interior minister on Friday to discuss proposals to end the war, while US Secretary of State Marco Rubio noted "slight progress" in mediated talks but warned that Washington and Tehran were "not there yet" on a peace deal. The prolonged conflict and inflation pressures led markets to price in a Federal Reserve rate hike before year-end, with about a 55% chance of at least one 25-basis-point increase by October. Supporting this view, Fed Governor Christopher Waller signaled he no longer believed the central bank should maintain an easing bias in its policy statement.
2026-05-22
Gold Holds Steady Amid US-Iran Uncertainty
Gold hovered above $4,500 an ounce on Friday and was on track to finish the week little changed, as conflicting signals surrounding US-Iran peace negotiations kept investors cautious over inflation risks and the outlook for interest rates. Tehran stated that the latest US proposal had partially bridged the gap between the two sides. However, reports that Iran’s Supreme Leader ordered the country’s enriched uranium stockpile to remain within its borders complicated negotiations, as dismantling Iran’s nuclear program remains a key US objective. Iran is also reportedly in talks with Oman on establishing a permanent toll system that would formalize its control over shipping traffic through the Strait of Hormuz, though President Donald Trump rejected the idea. Despite the recent stability, gold prices remain about 14% lower since the conflict began, amid concerns that an energy-driven inflation shock could prompt central banks to tighten monetary policy.
2026-05-22