The price of gold has fallen due to signals of the Federal Reserve raising interest rates, despite being boosted by the Iran agreement.

After Federal Reserve officials hinted at the possibility of raising interest rates in their next move, the price of gold fell, offsetting the support provided by the fall in oil prices, which had previously alleviated concerns about inflation. Higher interest rates increase the opportunity cost of holding non-yielding assets such as gold bars. In early trading, New York spot gold fell by 1.2% to $4,328.20 per ounce, but is still expected to achieve a 5% increase for the week. Analysts at Shengbao Bank stated: "This starkly different reaction highlights the difficulty the market is currently facing in balancing short-term macro headwinds with long-term structural support for gold." However, "in the context of a significant decline in energy prices, whether the Fed's inflation forecast for 2026 will appear too high and require downward adjustments in the coming months remains a question."