Gold prices moved higher on Tuesday to scale a new peak amid renewed China-U.S. trade tensions along with continuing bets on the U.S. Federal Reserve cutting rates later this month.
Front Month Comex Gold for October delivery climbed $30.10 (or 0.73%) to $4,138.70 per troy ounce.
Front Month Comex Silver for October delivery rose 18.40 cents (or 0.37%) to $50.314 per troy ounce.
Notably, the respective prices are new record highs for gold and silver, both of which have been up for three consecutive sessions.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.