Dollar’s Strength Presses Gold to 6,125 Lira Level

After Friday's close, gram gold showed a brief bounce on dollar strength but reopened the week under renewed selling pressure, trading at 6,125.52 lira.

Dollar's Strength Presses Gold to 6,125 Lira Level

■Gram gold slipped 1.53% from the prior close to 6,125.52 lira; - Spot gold fell 1.42% to $4,505 per ounce.

Geopolitical Tensions in Hormuz Drive Oil Up, Weighing on Gold

■Escalations in the Strait of Hormuz pushed Brent crude 4.1% higher to $79.10 a barrel; - Iranian missile retaliation and U.S. counter‑strikes have reignited inflation fears.

Treasury Yields and Dollar Index Signal Hawkish Tilt

■The U.S. 10‑year Treasury yield rose 3 basis points to 4.59%; - The dollar index edged up 0.1% to 101.1; - Higher yields and a stronger dollar pressured gold, pulling the spot price 1.3% lower to $4,550 per ounce.

Current‑Account Deficit Forecasts from Turkey’s Survey

■According to the AA Finans Balance‑of‑Payments Survey, economists expect May’s current‑account gap at $1.1275 billion; - For the full year the median forecast widens to $52.255 billion.

Markets are weighing the inflationary impulse from Hormuz‑driven oil gains against the restrictive tilt of rising Treasury yields and a firmer dollar. Historically, such a mix compresses gold’s near‑term upside, but if the Fed maintains a hawkish stance, real yields could stay elevated, keeping pressure on bullion. Investors should therefore anticipate continued volatility in the precious‑metal complex while monitoring upcoming payroll‑ and retail‑data releases for clues on the Fed’s policy path.