Gold Dips Toward $4,500 As Iran Reviews US Proposal To End War

nasdaq
2026.05.21 10:15
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Gold prices dipped toward $4,500 an ounce, influenced by a strong dollar and rising Treasury yields. Spot gold fell 0.3% to $4,531.74, while U.S. futures dropped 0.5% to $4,533.75. Traders are closely watching U.S.-Iran peace talks, with President Trump indicating a potential for renewed military action. Iran is reviewing a new U.S. proposal to end the conflict, emphasizing the importance of mutual respect in diplomacy. Additionally, recent Fed meeting minutes suggest a hawkish stance on interest rates if inflation remains above target.