Spot gold rose 1.2% to $4,536.56/oz as the U.S. dollar weakened and Treasury yields stabilized on 20 May 2026.
Spot silver jumped 3.2% to $76.02/oz, while platinum fell 0.7% to $1,964.35/oz amid the easing bond sell‑off.
President Donald Trump said the U.S. is in “final stages” of Iran peace talks, boosting risk sentiment and lowering oil prices.
Fed minutes are due; markets expect rates held steady this year, with hike odds rising July‑December per CME FedWatch and a new chair Kevin Warsh pending.