Gold declined in early Asian trading as dollar strength made the metal more expensive for non-dollar buyers. XS.com analyst Antonio Di Giacomo said heightened U.S.–Iran tensions, including naval and military signals, have reduced expectations for near-term de-escalation. He added that the backdrop has supported U.S. dollar strength, contributing to pressure on gold prices.

2026-04-27

Gold declined in early Asian trading as dollar strength made the metal more expensive for non-dollar buyers. XS.com analyst Antonio Di Giacomo said heightened U.S.–Iran tensions, including naval and military signals, have reduced expectations for near-term de-escalation. He added that the backdrop has supported U.S. dollar strength, contributing to pressure on gold prices.