Gold Prices Slip Monday Morning as US–Iran Talks Collapse
Gold prices declined in early Monday trading (April 27, 2026), pressured by geopolitical tensions after the cancellation of renewed peace talks between the United States and Iran.
As of 07:37 WIB, June 2026 gold futures on the Commodity Exchange fell 0.99% to $4,693.90 per troy ounce, down from $4,740.90 per troy ounce at last week’s close.
The drop comes as efforts to resume diplomatic negotiations between Washington and Tehran stalled, while energy flows through the Strait of Hormuz remain disrupted—raising concerns across global markets.
According to Bloomberg, U.S. President Donald Trump canceled a planned visit by his top envoy to Islamabad, which was intended to revive peace discussions with Iran. Meanwhile, Iranian officials stated they would not engage in negotiations under ongoing threats.
The continued disruption in energy supply due to the conflict has heightened inflation risks. This scenario increases the likelihood that central banks will maintain higher interest rates for longer—or even tighten further—creating headwinds for gold prices.
Since the conflict escalated in late February, gold has dropped approximately 11%, reflecting shifting market sentiment.
“Gold is currently in a technical gray area,” said Nicky Shiels, Head of Metals Strategy at MKS PAMP SA. She added that ongoing uncertainty over ceasefire developments has made gold behave more like a risk asset.
“With gold now showing a negative correlation to oil and a loose positive correlation to equities—while not serving as a reliable indicator for either—investors are reluctant to chase prices below the $5,000 level,” Shiels noted.