Gold price today: Gold rate falls big. What to expect in coming days amidst Iran-US war?

Gold price today slipped due to a number of factors ranging from high international oil rates to stronger dollar. U.S. gold futures for June delivery fell 0.8 per cent to $4,714.0, Spot gold was down 0.9 per cent at $4,696.71 per ounce. Spot silver fell 3.9 per cent to $74.63 per ounce, while platinum lost 3.2 per cent to $2,007.98, a more than one-week low for both metals. Palladium was down 4.8 per cent at $1,470.79, a more than two-week low. This comes after inflation worries rose, as investors tried to assess the conflict direction from stalled U.S.-Iran talks.





Gold Rate Prediction




Gold continues to take its cues from the oil market, with rising ​energy costs keeping the risk of near-term dollar strength and elevated inflation in focus," said Ole Hansen, head of commodity strategy at Saxo Bank.

The dollar inched higher, making greenback-priced bullion more expensive ‌for holders ⁠of other ⁠currencies, while benchmark 10-year U.S. Treasury yields rose to an over one-week high, raising the opportunity ​cost of holding non-yielding bullion.




Iran-US War




Iran seized two ships ​in the Strait of Hormuz as it tightened its ⁠grip on ‌the strategic waterway after U.S. President Donald Trump announced he ​was indefinitely ​calling off attacks, with no sign of peace talks restarting.

Iranian officials ⁠did not say they had agreed to any extension ​of the truce, accusing Washington of violating it by maintaining ​a blockade on Iranian trade by sea.




International Oil Prices




Brent crude oil prices rose above $100 a barrel on the stalled peace talks and as both nations maintained their restrictions on the flow of trade through the strait.

Higher crude oil prices can add to inflationary pressures, increasing the likelihood that interest rates remain elevated. While gold is often ‌seen as an inflation hedge, higher rates dampen bullion’s appeal as it offers no yield.

Meanwhile, a Reuters poll of economists showed the ​U.S. Federal ​Reserve will likely wait ⁠at least six months before cutting interest rates this year as war-driven energy shocks reignite already-elevated inflation.

The current consolidation appears more a pause driven by rate uncertainty than ​a structural shift, and we maintain the view that gold is likely to reach a fresh record high later this year or in early 2027," Hansen added.