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Gold slides as US Iran talks stall driving oil spikes and inflation rate hike fears
Economy
Published on 11 May 2026
Speculators bet bullish even as Indian demand cools
Gold prices fell as stalled U.S. Iran peace talks pushed oil higher, reviving worries about inflation and potential interest rate hikes. A stronger dollar weighed on bullion further. At the same time, China’s gold output declined, but Indian buyers held back, waiting for lower prices. Still, speculators increased long positions, hinting at a split market mood.
- Stalled US Iran talks lifted oil prices, reigniting inflation fears
- A stronger dollar pressured gold prices further
- Indian demand softened as buyers waited for cheaper levels
- Speculators added long positions despite the drop
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times