Middle East Tensions Weigh on Gold Prices Amid Ongoing Conflict

Global gold prices remained stagnant on Monday as investors weighed the impact of Middle East tensions on inflation and interest rates.

The ongoing conflict between Washington and Tehran continued to escalate, with US President Donald Trump warning that Iran would face economic failure or the removal of its leadership if it didn't agree to a deal.

Oil prices declined due to traders' expectations of a recovery in Saudi Arabian shipments, despite attacks by Yemen's Houthis adding to regional tension.

Central banks are increasingly signaling a new cycle of monetary tightening, with several leading institutions raising rates and hinting at further hikes to combat inflation driven by the conflict.