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Gold prices remain volatile amid Middle East tensions and hawkish Fed outlook, trading near $4,500/oz.

Market News
22 May 2026
Kitco
View Source
Bearish
pluang ai news

Gold prices experienced a volatile week, fluctuating around the $4,500 per ounce level due to geopolitical tensions in the Middle East and a strong U.S. dollar. Safe-haven demand from the Iran conflict was offset by rising Treasury yields and concerns over persistent inflation, which could keep the Federal Reserve hawkish longer. Analysts remain divided, with many expecting further declines or consolidation, while retail investors stay bullish. Market focus will be on upcoming U.S. economic data and any developments in the Middle East that could influence gold's direction next week.

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