Gold held steady on Tuesday as a sharp fall in oil prices in the previous session prompted traders to back off some of their more hawkish Federal Reserve bets.
Spot gold was little changed at $4,407.07 an ounce amid skepticism the U.S. and Iran were close to end of war talks. U.S. gold futures were marginally higher at $4,411.30.
Gold prices have witnessed a sharp decline in March 2026, entering bear market territory after recording steepest monthly fall, pressured by a stronger dollar and fading rate cut expectations.
For comments and feedback contact: editorial@rttnews.com
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.