Gold Holds Loss as Traders Weigh Prospects for US-Iran Deal

MarketsGold Holds Loss as Traders Weigh Prospects for US-Iran DealFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Wendy WellsMay 26, 2026 at 11:39 PM UTCBookmarkSaveGold held a loss, as fresh clashes in the Persian Gulf weighed on hopes for a US-Iran peace deal and reinforced concerns that inflation could keep interest rates higher for longer. Bullion was near $4,510 an ounce in early trading, having fallen 1.4% on Tuesday. Hostilities between US and Iranian forces near the Strait of Hormuz occurred even as both sides touted progress toward an interim peace deal, with US Secretary of State Marco Rubio saying that any pact would likely take a few days to finalize.