Gold Prices Diverge as Inflation Fears and Iran Conflict Outlook Shape Market Sentiment

Reuters reported that gold prices eased on May 4, 2026, driven by inflation fears and uncertainty over potential Iran conflict, which cast doubt on U.S. interest rate expectations. The report emphasized geopolitical tensions as a key factor in market volatility. Bloomberg, however, noted that gold prices remained steady on the same day, with traders closely watching the reopening of the Strait of Hormuz and ongoing peace talks between Iran and the United States. The two outlets presented contrasting views on the immediate impact of geopolitical developments on gold markets.