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2026-05-28 10:37:48
[US-Iran Conflict Escalates Interest Rate Expectations, Gold Prices Fall to Two-Month Low] 1. International gold prices fell significantly on Thursday, briefly dropping below the $4,400 mark to $4,396.71 per ounce, a new low since March 27. This was mainly due to the impact of the new round of US military strikes against Iran. This event pushed up oil prices, exacerbated market concerns about inflationary pressures, and made the future direction of the Federal Reserve's interest rates more uncertain. 2. According to US officials, shortly after President Trump denied reports that Iran had resumed the Strait of Hormuz shipping agreement, the US military struck a military target in Iran that was considered a threat to the safety of US troops and merchant ships in the Strait of Hormuz. 3. Affected by the continued escalation of US-Iran tensions, oil prices rose by about 2% in early Asian trading, and market risk aversion increased. 4. Federal Reserve Governor Cook said on Wednesday that short-term interest rates should remain stable for now, but she is prepared to raise interest rates if tariffs, the Iranian conflict, and artificial intelligence-related investments drive up prices. Federal Reserve Vice Chairman Jefferson emphasized that the U.S. labor market has shown strong resilience to energy shocks, and the current focus should be on pulling inflation back to the 2% target range.
