Copper and Gold Prices Plummet as US-Iran Stalemate Intensifies Inflation Fears

Copper prices dropped further on May 18, 2026, as fears of inflation grew due to the ongoing US-Iran stalemate. Bloomberg reported the decline as markets anticipated potential disruptions in global supply chains. Gold prices also fell, with Bloomberg noting that the Hormuz quagmire sustained inflation fears, leading to a continued decline in gold prices. The US and Iran have been locked in a standoff over Iran's nuclear program and regional influence. The situation has led to heightened uncertainty in global markets. The US has imposed sanctions on Iran, while Iran has responded with threats and military posturing. The economic impact has been felt globally, with investors seeking safe-haven assets amid the uncertainty. Bloomberg reported on both the copper and gold markets, highlighting the connection between geopolitical tensions and financial instability. The sources did not diverge on the key facts, but both emphasized the role of inflation fears in driving the market declines.