Gold falls as US-Iran peace talks fail

13/04/2026 Argaam
Gold bars

Gold bars

Gold prices declined in Monday trading after US-Iran peace talks collapsed, heightening inflation concerns and reducing expectations for US interest rate cuts this year.

 

June gold futures fell 0.75%, or $36.40, to $4,751 an ounce, while spot gold slipped 0.45% to $4,727.56.

 

Silver dropped 1.85% to $74.47 an ounce, with May futures down 2.5% to $74.57. Platinum was little changed at $2,048.34, while palladium rose 0.3% to $1,530.91.

 

The dollar index, which tracks the US currency against six peers, added 0.35% to 98.99 as of 09:29 am Makkah time.

 

Meanwhile, the US Navy is preparing to enforce a blockade on the Strait of Hormuz, potentially restricting Iranian oil shipments. Iran’s Revolutionary Guard warned that approaching warships would be viewed as a ceasefire breach and met with force, Reuters reported.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.