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Gold holds $4,531 support and silver steadies at $75.33 amid US inflation and Middle East ceasefire.

Market News
21 May 2026
FXEmpire
View Source
Neutral
pluang ai news

Gold reclaimed support at $4,531 after bouncing off a descending channel floor, showing signs of short-term bullishness despite a generally bearish structure below $4,573. Silver held steady at $75.33, defending key trendlines and showing buyer interest amid ongoing industrial demand. These movements come as traders digest hotter-than-expected US inflation data, which dampens expectations for quick Fed rate cuts, and monitor the stability of the US-Iran ceasefire that has resumed tanker traffic through the Strait of Hormuz. Investors await further Fed guidance to clarify future price action for these precious metals.

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