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2026-05-28 12:46:43
[International Gold Prices Fall to Two-Month Low Due to Stronger Dollar and Inflation Concerns] ⑴ On Thursday, international gold prices fell to a two-month low due to the strengthening dollar, rising oil prices, and heightened market concerns about inflation, coupled with an uncertain interest rate outlook, influenced by the renewed US strikes against Iran. ⑵ Spot gold fell 1.7% to $4,375 per ounce, having earlier touched its lowest level since March 26. June-delivery US gold futures fell 1.6% to $4,377. ⑶ The dollar rose to a one-week high, increasing the cost of dollar-denominated gold for holders of other currencies. ⑷ Analysts stated, "Geopolitical tensions remain high, and there have been numerous instances of unsubstantiated positive news regarding peace negotiations. Therefore, the dollar is expected to continue to receive buying support, and gold prices are likely to remain under pressure."
