Gold Eases as US Plan to Blockade Hormuz Raises Inflation Risks
7 Articles
7 Articles
Gold drops as Hormuz blockade lifts dollar, dents Fed rate cut bets
Dubai: Gold hit a near one-week low on Monday as a stronger dollar and oil's surge above $100 after the U.S. moved to blockade Iranian ports fuelled inflation concerns, prompting traders to scale back expectations for Federal Reserve rate cuts this year.Spot gold was down 0.4% at $4,730.75 per ounce, as of 0735 GMT, after hitting its lowest since April 7 earlier in the day at $4,643. U.S. gold futures for June delivery fell 0.7% to $4,753.30.Th…
Gold Rate Today [14 April, 2026]: Gold Rates Edges Lower to $4,720, Inflation Fears Weigh; Domestic Rates Dip to ₹1.52 Lakh/10g | Check City-Wise Price of 24K, 22K & 18K
Gold Price Today, 14 April 2026: Gold prices have edged lower in both international and domestic markets. The collapse of the Islamabad peace talks and the subsequent U.S. naval blockade of the Strait of Hormuz have bolstered the U.S. dollar and reignited inflation fears, which are currently weighing on non-yielding assets like gold. Domestic rates have seen a marginal decline of approximately ₹380 per 10 grams since yesterday. Domestic Gold Pri…
Gold Temporarily Loses Its Luster as Dollar Rises and Interest Rate Cut Bets Recede
Gold prices witnessed a noticeable decline in local and global markets during Monday's trading, affected by the rise of the dollar and large-scale sell-offs, amid renewed geopolitical fears in the Middle East. These fears pushed oil prices up and sparked inflation concerns, leading to a reduction in expectations regarding U.S. interest rate cuts this year, according to a report by the "Marsad al-Dhahab" for Economic Studies.
The price of gold in Egypt's domestic market declined slightly during today's dealings, with increasing pressure from the rise of the world dollar and rising inflationary fears, despite the persistence of geopolitical tensions in the Middle East. Engineer Said Imbabi, Executive Director of a platform for online circulation of gold and jewelry, said that Egypt's 21-caliber gold gram price was falling...
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