US nonfarm payrolls increased 172,000 jobs in May, raising December Fed rate hike probability to 72%, prompting spot gold to fall 1% as higher Treasury yields made bonds more attractive than precious metals.
MCX silver fell 0.83% to 2.71 lakh rupees per kg on May 21 amid global volatility driven by US-Iran negotiations and rising Treasury yields, which limited gold's upside despite cautious trading and mixed market sentiment.
Gold surged over three percent to a two-week high on Wednesday, driven by dollar weakness and falling oil prices as US-Iran peace negotiations progress, with investors anticipating Federal Reserve rate cuts amid improving geopolitical risk sentiment.
Gold surged 3.16% to $4,702.30 per ounce Wednesday after Trump signaled potential US-Iran peace negotiations, reducing geopolitical risk, weakening the dollar, and easing inflation concerns amid declining crude oil prices.
Iran's renewed attacks on UAE facilities halted oil loading at Fujairah and cut UAE crude output by over fifty percent, driving Brent and WTI crude prices up 2.6% and 2.7% respectively amid Strait of Hormuz disruptions affecting twenty percent of global oil trade.
Gold and silver prices rose as US dollar weakened and Treasury yields fell amid geopolitical optimism over potential Middle East peace deals, reducing inflation concerns.
Japan's Nikkei 225 index has deteriorated below its 50-day moving average since the February 2026 US-Iran conflict began, reversing earlier year gains and signaling potentially weaker market momentum ahead.
Gold holds steady as Gulf crisis and potential US rate hikes collide.
Asian bank executives report that climate finance initiatives are evolving to prioritize climate resilience and energy security alongside traditional emission reduction strategies, reflecting a broader shift in regional investment priorities toward comprehensive sustainability approaches.
Gold prices surged over 3% to $4,702.30 per ounce following U.S.-Iran peace signals, as easing geopolitical tensions reduced inflation concerns and weakened the dollar, supporting safe-haven demand.
Japan's $34.5 billion yen-buying intervention on May 30, 2026, triggered USD/JPY's steepest daily drop since December, falling 2.4%, signaling potential further monetary policy action amid currency volatility.
Global oil prices surged to four-year highs exceeding $122 per barrel amid escalating US-Iran tensions and Strait of Hormuz closure threats, risking renewed inflation and higher fuel costs as geopolitical conflict disrupts critical Middle East energy supplies.
Gold prices rose 0.9% to $4,830.82 per ounce as a weakening dollar and US-Iran peace deal optimism lowered Treasury yields, reducing gold's opportunity cost for international investors.
Escalating US-China trade tensions threaten to deepen iron ore price declines as tariffs constrain Chinese steel exports, though analysts expect demand resilience from manufacturing and infrastructure growth in the world's second-largest economy.
Gold traded virtually flat as investors balanced optimism over potential US-Iran negotiations reducing oil-driven inflation against rising Treasury yields and elevated Federal Reserve tightening expectations that pressured the non-yielding asset.
Oil prices rose 1% as U.S.-Israeli strikes on Iran disrupted Middle East supplies, with Brent crude reaching $82.31 per barrel, though gains slowed after Trump proposed Navy escort operations through the critical Strait of Hormuz.
Spot gold surged past $4,700, gaining 3.19%, as U.S.-Iran ceasefire signals eased safe-haven demand and weakened the dollar, with Goldman Sachs targeting $5,400 by end-2026 amid anticipated Fed rate cuts.
Gold surged 2% to $4,657.70 amid a weaker dollar and easing Iran tensions, reducing oil's geopolitical premium and inflation pressures. Market volatility persists as upcoming payrolls data will determine Federal Reserve policy direction and gold's next move.
New Zealand's annual inflation rate remains at 3.1% in Q1 2026, exceeding forecasts.
Gold rose 0.7% to $4,821 as a weaker dollar supported prices despite ceasefire optimism reducing safe-haven demand, with analysts viewing $4,900 as the next momentum trigger.
The Fed's interest rate intentions are being evaluated by investors. Oil prices are moving, affecting gold.