{"id":114884,"date":"2026-06-10T10:36:42","date_gmt":"2026-06-10T05:36:42","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=114884"},"modified":"2026-06-10T10:36:42","modified_gmt":"2026-06-10T05:36:42","slug":"gold-hits-11-week-low-due-to-iran-us-tensions","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/gold-rates\/gold-hits-11-week-low-due-to-iran-us-tensions\/","title":{"rendered":"Gold hits 11-week low due to Iran-US tensions"},"content":{"rendered":"<p>ISLAMABAD: <a href=\"https:\/\/dailyausaf.com\/en\/business\/gold-rates\/big-drop-in-gold-prices-in-the-country\/\">Gold prices<\/a> in the global market fell to an 11-week low after the dollar and oil prices rose due to rising tensions between the US and Iran.<\/p>\n<p>Spot gold prices fell 1.8 percent to $4,187.59 an ounce on Wednesday, the lowest level since March 23, while US gold futures also fell 1.7 percent to $4,213.40.<\/p>\n<p>The strengthening dollar made gold more expensive for holders of other currencies, while a one percent increase in oil prices has further increased inflation concerns.<\/p>\n<p>According to experts, the Federal Reserve\u2019s possible policy, rising bond yields and a strong dollar are putting pressure on gold prices.<\/p>\n<p>Meanwhile, the United States launched strikes on Iran after US President Donald Trump said Iran shot down a US Apache helicopter in the Strait of Hormuz, raising questions about a possible peace deal.<\/p>\n<p>The market is pricing in a more than 70% chance that the Federal Reserve could raise interest rates by December.<\/p>\n<p>Although gold is traditionally considered a safe haven against inflation, high interest rates are a negative for this unprofitable metal.<\/p>\n<p>Other precious metals also fell, with silver down 1.5%, platinum down 2.8% and palladium down 0.8%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Gold prices in the global market fell to an 11-week low after the dollar and oil prices rose due to rising tensions between the US and Iran. Spot gold prices fell 1.8 percent to $4,187.59 an ounce on Wednesday, the lowest level since March 23, while US gold futures also fell 1.7 percent to [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":69789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14814],"tags":[136],"class_list":["post-114884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-rates","tag-gold-prices"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/114884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=114884"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/114884\/revisions"}],"predecessor-version":[{"id":114885,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/114884\/revisions\/114885"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/69789"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=114884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=114884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=114884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}