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Gold Edges Higher Above $4,700 Despite Hotter US Inflation, Trump–xi Summit in Focus
Gold price (XAU/USD) trades with mild gains near $4,720 during the early Asian session on Wednesday. However, the potential upside for the precious metal might be limited due to hotter-than-expected US inflation and shifting geopolitical tensions.
Fxstreet
Wed, May 13
US President Donald Trump Says Iran Must Make Deal or Face Renewed Attacks
US President Donald Trump said that “we have Iran very much under control.” But also reiterated that “we’re either going to make a deal, or they’re going to be decimated,” the New York Times reported on Tuesday.Fxstreet
Wed, May 13
Gold price sinks as hot CPI, Oil surge crush Fed cut bets
Gold (XAU/USD) price falls more than 1% on Tuesday as US inflation came in hotter than expected, prompting investors to price out Federal Reserve (Fed) rate cuts in 2026. The XAU/USD pair trades at $4,678 after reaching a daily high of $4,773.Fxstreet
Tue, May 12
Oil: Iran tensions and China demand shifts – Commerzbank
Commerzbank’s Barbara Lambrecht and colleagues note Brent has jumped as Iran–US tensions escalate and US policy debates gasoline tax relief. China’s crude Oil imports fell sharply in April, with further declines expected as shipments from Saudi Arabia and Iran drop.WTI Price Forecast: Oil prices remain underpinned by Hormuz tensions and tighter supply outlook
West Texas Intermediate (WTI) crude Oil rallies more than 3% on Tuesday as fading hopes for a near-term end to the US-Iran war continue to fuel concerns over supply disruptions through the Strait of Hormuz.
Gold reverses gains as US CPI data takes center stage
Gold (XAU/USD) reverses earlier gains on Tuesday as fading hopes for a near-term breakthrough in US-Iran negotiations and a modest rebound in the US Dollar (USD) weigh on the precious metal ahead of the US Consumer Price Index (CPI) data release.Fxstreet
Tue, May 12
WTI Price Forecast: Extends advance to near $98 amid fears of prolonged Hormuz closure
West Texas Intermediate (WTI), futures on NYMEX, is 2.6% higher to near $98.00 during the European trading session on Tuesday. The oil price gains sharply amid growing doubts that the temporary ceasefire between the United States (US) and Iran, announced in early April, would last long.Gold: Path higher hinges on Fed easing – ING
ING’s Commodities Strategist Ewa Manthey explains why Gold has dropped about 12% since the Iran conflict began, despite its reputation as a safe haven. She argues the move reflects macro headwinds from higher Oil prices, stronger US Dollar (USD) and elevated real yields.Fxstreet
Tue, May 12
WTI rises to near $96.00 as supply concerns prevail
West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $95.80 during the Asian hours on Tuesday. Crude oil prices are surging as Middle East tensions are threatening the world’s most critical energy transit route.Gold eases from three-week top as Iran tensions and hawkish Fed bets support USD
Gold (XAU/USD) retreats from a three-week high, touched during the Asian session on Tuesday, as traders await the release of the latest US consumer inflation figures before positioning for the next leg of a directional move.Fxstreet
Tue, May 12
Silver Price Forecast: XAG/USD trades firmly near two-month high of $86.50 ahead of US CPI
Silver price (XAG/USD) holds onto its almost week-long rally to near $86.50 during the Asian trading session on Tuesday. The white metal trades firmly even as oil prices are broadly stable amid fears that military actions between the United States (US) and Iran could resume.Featured Tools
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