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Gold Holds Above $4,700/oz in May as U.S. April Inflation Pressures Prices

GateNews

2026-05-14 08:01:07

XAU0.19%

4-2.5%

IN0.01%

MAY-1.5%

According to Jin10, gold prices held above $4,700 per ounce in May but remained pressured by accelerating U.S. inflation data from April. The April wholesale inflation marked the fastest pace since 2022, prompting market expectations that interest rates will remain elevated for an extended period. Concurrently, U.S. Treasury yields climbed to near July 2025 highs, weighing on gold as an interest-bearing asset.

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