--- title: "Gold prices fluctuate, Iran ceasefire negotiations are at a standstill, and inflation risks continue to attract attention" type: "News" locale: "en" url: "https://longbridge.com/en/news/288204532.md" description: "On Monday, during the Asian session, gold prices fell slightly, affected by the deadlock in U.S.-Iran ceasefire negotiations and rising inflation. The market is concerned that rising energy costs will push up inflation, thereby increasing expectations for interest rate hikes by the Federal Reserve, which suppresses gold prices. Despite ongoing geopolitical risks, the rise in the U.S. dollar index and pressure from rising interest rates have weakened gold's performance. Traders are closely monitoring speeches from Federal Reserve officials and U.S. employment data to gauge the direction of interest rates" datetime: "2026-06-01T02:49:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288204532.md) - [en](https://longbridge.com/en/news/288204532.md) - [zh-HK](https://longbridge.com/zh-HK/news/288204532.md) --- # Gold prices fluctuate, Iran ceasefire negotiations are at a standstill, and inflation risks continue to attract attention Investing.com — During the Asian trading session on Monday, gold prices showed limited movement as investors assessed the impact of the stalled ceasefire negotiations between the U.S. and Iran, while also paying attention to the rising risks of inflation — the latter has fueled market expectations for interest rate hikes by the Federal Reserve this year. Spot gold fell 0.2% to $4,529.62 per ounce at 9:26 PM Eastern Time (9:26 AM Beijing Time on Tuesday); U.S. gold futures dropped 0.7% to $4,559.22 per ounce. Last week, gold closed slightly higher on hopes of an extended ceasefire between the U.S. and Iran. Overall market sentiment remains cautious. There has been no significant breakthrough in the permanent ceasefire negotiations between Washington and Tehran. Despite reports last week indicating that both sides were discussing extending the temporary ceasefire agreement and reopening shipping lanes in the Strait of Hormuz, key differences remain unresolved, and any final agreement would still require approval from U.S. President Donald Trump. Meanwhile, Israel has expanded its military operations against Iranian-backed Hezbollah militants in Lebanon, raising concerns that regional tensions may escalate again. As a result of Israel's latest military actions, oil prices rebounded on Monday, further deepening market worries about persistently high energy costs and complicating the Federal Reserve's path to combating inflation. Investors are increasingly turning their attention to the possibility of further tightening of U.S. monetary policy. Before the outbreak of hostilities, the market had originally expected the Federal Reserve to cut interest rates. Rising interest rates typically put pressure on non-yielding assets like gold. During the Asian trading session, the U.S. dollar index rose slightly by 0.2%, increasing the cost of purchasing gold with other currencies, which further suppressed gold prices. Although gold is traditionally seen as a hedge against geopolitical risks and inflation, its recent performance has remained weak. Last week, gold prices briefly fell to a two-month low, before recovering due to the temporary easing of market concerns over broader regional conflicts as ceasefire negotiations progressed. Traders are currently closely monitoring speeches from Federal Reserve officials and upcoming U.S. economic data (including labor market indicators) for further clues on the direction of interest rates. In other precious metals, silver prices rose slightly by 0.3% to $75.53 per ounce; platinum increased by 1% to $1,939.95 per ounce _This article is translated with the assistance of artificial intelligence. 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