Gold Prices Decline as Oil Surge Fuels Inflation Concerns

By News Desk on May 11, 2026

Gold Falls Amid Rising Oil Prices and US-Iran Tensions

Singapore: Gold prices declined today amid concerns that rising oil prices could increase inflationary pressures and keep interest rates elevated for a longer period.

The decline came as markets monitored the lack of progress in negotiations related to the US-Iran situation, which contributed to higher oil prices.

Spot gold fell by 0.6 percent to $4,684.32 per ounce.

US gold futures for June delivery also declined by 0.8 percent to $4,692.70 per ounce.

The US dollar strengthened during trading, making gold priced in dollars more expensive for holders of other currencies.

Among other precious metals, spot silver rose by 0.7 percent to $80.88 per ounce.

Meanwhile, platinum fell by 0.6 percent to $2,042.71 per ounce, while palladium declined by 0.4 percent to $1,484.99 per ounce.

more recommended stories

India’s GDP Could Reach $38 Trillion in 20 Years, Says NSA Ajit Doval
India’s Economy Could Reach $38 Trillion.
Russian LNG Exports to China Surge 28.3% in First Eight Months of 2026
Beijing: Russia exported 5.153 million tonnes.
China Successfully Launches 9 Satellites Into Space on Lijian-1Y18 Rocket
Beijing: China successfully launched nine satellites.
AJMS Group Supports DDSC Across Compliance Systems Implementation
Dubai: AJMS Group announces its ongoing.
Gaza School Year Begins with 541,000 Students Under Exceptional Conditions
Gaza School Year Begins After Three-Year.
Sohar International and barq Sign Agreement to Explore New Opportunities in Digital Financial Services
Muscat : Reinforcing its commitment to.
Oman Launches Annual Industrial Survey Across All Governorates on September 22
Oman to Begin Annual Industrial Survey.
Gulf Investment Institutions Increase Purchases on Muscat Stock Exchange
Muscat: Gulf investment institutions increased their.
Oman’s Real Estate Price Index Rises 22.7% in Second Quarter of 2026
Oman Residential Property Prices Rise 24.6%.
ahlibank Launches ahli tamkeen SME Academy to Accelerate SME Growth & Development
Muscat : In a significant step.

Terms of Use:

This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.

All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.

All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.

The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.

Privacy Policy:
This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.

Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.