Gold Edges Lower as Trump’s Iran War Deadline Nears | Emas Turun Tipis saat Tenggat Trump soal Perang Iran Kian Dekat
Gold prices slipped slightly on Monday as investors awaited fresh signals on the evolving U.S.-Iran situation ahead of a deadline tied to reopening the Strait of Hormuz.
Spot gold was down 0.4% at $4,654.99 an ounce as of 1:31 p.m. ET (1731 GMT). U.S. gold futures settled 0.1% higher at $4,684.70.
Iran said it is seeking a lasting end to the war with the United States and Israel, resisting pressure to quickly reopen the Strait of Hormuz under a temporary ceasefire, as both sides weigh a framework plan to end the five-week conflict.
President Donald Trump has threatened to rain “hell” on Tehran if no deal is reached by Tuesday, keeping geopolitical risk elevated and markets sensitive to headlines that could shift expectations for energy flows.
“Focus is likely to remain on the war and interest rates. If the conflict drags on, oil will grind higher amid tightening supply conditions, adding to inflationary pressures,” said Bart Melek, global head of commodity strategy at TD Securities. He said that would leave central banks — particularly the Federal Reserve — with less room to ease policy and could even revive debate around higher rates if energy prices continue to rise, which is typically negative for gold.
Oil prices inched up in choppy trading on Monday and have risen sharply since the conflict began. Gold is widely viewed as a hedge against geopolitical risk and inflation, but because it pays no interest, it tends to be less attractive when interest rates are high.
Source : Newsmaker.id
