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As on : 18-May-2026

Other Markets - Bullion Markets
18-May-2026 14:19

Gold slips below $4,550 as rate hike fears strengthen

Gold traded below $4,550 an ounce on Monday as rising energy-driven inflation fears strengthened expectations that the Federal Reserve could keep interest rates higher for longer or even raise them later this year. Strong gains in the US dollar and Treasury yields following hotter-than-expected US inflation data further pressured bullion prices. Meanwhile, escalating Middle East tensions kept markets cautious after President Donald Trump warned Iran was running out of time to reach a deal with Washington, while attacks on energy infrastructure in the Persian Gulf added to geopolitical uncertainty. Investors are now awaiting the latest FOMC meeting minutes and flash US PMI data for further policy signals. On the domestic front, MCX June gold futures traded marginally higher at Rs 1,59,105 per 10 grams, while silver futures gained 0.6% to Rs 2,73,499 per kg.

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