SINGAPORE, 21 May 2026 – Gold steadied after rebounding from a seven-week low, as hopes for a US-Iran truce eased oil-driven inflation fears and reduced expectations that the Federal Reserve may need to raise interest rates again.
Spot gold rose about 1% on Wednesday to around US$4,531.99 per ounce, while US gold futures settled near US$4,535.30. The rebound came as US Treasury yields and crude oil prices eased, improving the appeal of non-yielding assets such as bullion.
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