---
title: "Gold Slips As Middle East Tensions Lift Crude Oil Prices And Dollar"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285072322.md"
description: "Gold prices fell on Monday due to rising geopolitical tensions in the Middle East, particularly related to conflicting reports of Iranian attacks on U.S. warships. This situation led to an increase in crude oil prices and a stronger dollar, with the Dollar Index rising by 0.25% to 98.40. The combination of these factors negatively impacted gold prices in the market."
datetime: "2026-05-04T12:34:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285072322.md)
  - [en](https://longbridge.com/en/news/285072322.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285072322.md)
---

# Gold Slips As Middle East Tensions Lift Crude Oil Prices And Dollar

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Gold prices dipped on Monday as markets reacted to the rising geopolitical tensions in the Middle East. Fresh Hormuz tensions attributed to conflicting reports of Iranian attack on U.S. warships lifted crude oil prices, the safe haven dollar and dragged down prices of the yellow metal.

The spike in geopolitical tensions and a stronger dollar weighed on gold prices in Monday's trade. The Dollar Index which measures the strength of the dollar against a basket of six currencies is almost 0.25 percent higher in the day's trading. It is currently trading at 98.40 after ranging between 98.01 and 98.48.

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