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2026-05-28 15:45:57
[Gold Prices Extend Losses Below $4,400, Dragged Down by Continued Inflation and Interest Rate Concerns] ⑴ Gold prices extended the previous trading day's decline, remaining below $4,400 per ounce, due to continued concerns about the impact of the Iranian conflict on inflation and interest rates. ⑵ Saxo Bank analysts stated, "Gold prices fell to a two-month low as a new round of oil price surges followed by a sell-off in U.S. Treasuries and a stronger dollar, exacerbating concerns that a tight energy market will continue to exert upward pressure on inflation." ⑶ The bank stated that, at the same time, rising fuel prices are increasing pressure on some countries to sell gold reserves to support their currencies and economies struggling due to rising import costs. ⑷ New York gold futures fell 1.3% to $4,391 per ounce. Silver fell 1.5% to $73.74 per ounce.
