Update: Gold Rises as the Dollar and Yields Moderate as Iran Considers a Fresh U.S. Peace Offer

Fidelity
2026.05.21 18:01
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Gold prices rose by $7.70 to $4,543.00 per ounce amid a moderation in the dollar and Treasury yields, despite uncertainty over a U.S. peace offer to Iran. The market fears that Iran's refusal to end its nuclear program could lead to energy inflation and higher interest rates. The dollar index increased slightly, while Treasury yields fell from session highs, reflecting the ongoing inflation concerns affecting gold prices.