Spot gold remained flat at $4,691.12/oz on 14 May 2026 as markets awaited the Trump‑Xi summit in Beijing.
US producer prices rose fastest since 2022 and consumer inflation exceeded expectations, prompting expectations of higher‑for‑long Fed rates.
Oil prices stayed above $100/barrel, fueling inflation worries, while the US Dollar Index hovered near a two‑week high, pressuring gold.
India increased import duties on gold and silver, likely curbing physical demand in one of the world’s largest bullion‑consuming markets.