Extending the losses from yesterday's session, gold prices have slumped on Wednesday as traders watch the ongoing efforts to end the U.S.-Iran standoff with cautious optimism while the blockade on the Strait of Hormuz continues. The rising inflationary pressure weighed on gold and silver prices.
Front Month Comex Gold for June month delivery has tumbled by $57.80 (or 1.28%) to $4,444.50 per troy ounce.
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.