Spot gold edged up 0.1% to $4,695.08/oz while futures slipped 0.1% to $4,701.05/oz on May 14, 2026.
US President Donald Trump and Chinese President Xi Jinping ended summit round, noting trade progress but US Taiwan stance may strain ties.
Iran war and Strait of Hormuz blockades have pushed oil above $70/barrel, raising inflation fears and prompting expectations of higher interest rates.
Senate confirmed Kevin Warsh as Federal Reserve chair, replacing Jerome Powell amid heightened price pressures and limited scope for rapid rate cuts.