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2026-05-25 07:18:27
[Gold Prices Rebound Over 1.5% as US-Iran Deal Prospects Ease Inflation Concerns] 1. Spot gold prices rose over 1.5% to $4,577.42 per ounce in early Asian trading on Monday, as market expectations that the US and Iran were close to reaching an agreement to reopen the Strait of Hormuz eased investor concerns about persistently high inflation. 2. Other precious metals also rose: spot silver rose over 3.87% to $78.35 per ounce; platinum and palladium also rose over 2%. 3. US officials said on Sunday that negotiations on the specific wording of the agreement were still ongoing, and final approval by both sides could take several days. US President Trump emphasized that there would be no "rush" to reach an agreement. Previously, US Secretary of State Rubio had revealed that "some good news" regarding the Strait of Hormuz might emerge in the coming hours as peace talks progressed. 4. Last Friday, Federal Reserve Governor Waller warned that an energy shock triggered by the war with Iran could exacerbate inflationary pressures, reinforcing market expectations of monetary tightening and causing gold prices to fall 0.8% to around the $4,500 mark that day.
