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2026-05-27 17:39:04
[Gold Prices Under Pressure for Second Consecutive Day as US-Iran Peace Talks Fade, Rising Rate Hike Expectations Threaten $4450 Level] ⑴ Spot gold fell as much as 0.3% to $4494.16 per ounce on Wednesday, marking its second consecutive day of decline. Iran stated on Tuesday that the US had attacked targets near the Strait of Hormuz, violating the ceasefire agreement, shaking market hopes for a peace agreement between the US and Iran, while inflationary concerns stemming from the conflict persist. ⑵ Analyst Lukman Otunuga stated that as hopes for a peace agreement fade, gold prices have retreated and are approaching the $4450 support level. Price pressures from the conflict are steadily increasing market expectations for a Federal Reserve rate hike, putting further downward pressure on gold. ⑶ If further signs emerge indicating rising price pressures, it could further strengthen market bets that the Federal Reserve will maintain higher interest rates for an extended period, posing a greater downside risk to gold.
