New york: Gold prices fell more than one percent today as the US dollar strengthened, while uncertainty over US-Iran peace talks pushed oil prices higher and reignited inflation concerns. Spot gold declined 1.4 percent to $4,762.09 per ounce, after touching its lowest level since 13 April 2026 earlier in the session. US gold futures for June delivery dropped 2 percent to $4,781.90 per ounce.
According to Oman News Agency, a stronger dollar index increased the cost of the greenback-denominated metal for holders of other currencies. Among other precious metals, spot silver fell 1.7 percent to $79.42 per ounce, platinum lost 0.8 percent to $2,086.00, and palladium declined 0.8 percent to $1,547.10.