By Anjana Anil May 28 (Reuters) - Gold prices dropped to a two-month low on Thursday as fresh strikes by the U.S. and Iran stirred up inflation fears, pushed up the dollar and crude oil, fueling expectations of higher interest rates.

Gold surged to record highs above $5,500 an ounce earlier in 2026. Then the war-driven inflation trade started doing something unexpected: pushing rates higher instead of lower. UBS just updated its targets to reflect what that means for the metal through the end of the year.

Gold fell as escalating Middle East tensions threaten a ceasefire between the US and Iran, keeping energy prices elevated and fueling inflation risks.

By Ashitha Shivaprasad May 28 (Reuters) - Gold trimmed losses on Thursday following the release of U.S. April inflation data, but prices were still down for a third straight session as skepticism over a U.

The price of gold is down considerably from earlier this year. But that's not the only reason to invest in it now.

The price of gold today, as of 9:18 a.m. ET, was $4,522.22 per ounce. That’s up 0.57% in the past 24 hours. The lowest trading price within the last day: $4,367.19 per ounce. The highest gold spot price in the last 24 hours: $4,

Gold fell to nearly a two-month low, hurt by expectations ​of tighter monetary policy to fight rising inflation, ​with no clear end in sight to Iran war.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. The latest inflation report, released this week, brings with it some good news for your wallet: Prices aren't rising as fast as ...