Singapore, 22 May 2026 – Gold traded within a narrow range as investors weighed mixed signals from US-Iran ceasefire discussions against persistent inflation concerns, keeping markets focused on whether central banks may need to maintain tighter monetary policy for longer.
Bullion steadied after recent weakness, with spot gold reported near US$4,547.54 per ounce, while US gold futures settled slightly lower at US$4,542.50. The metal has been caught between safe-haven demand from geopolitical uncertainty and pressure from higher interest-rate expectations linked to oil-driven inflation risks.
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