- May 18, 2026
- Posted by: EWGFX
- Category: news
Gold prices steadied on Monday as dip-buying helped the market recover from earlier losses, after the metal slipped to a more than one-month low amid rising oil-driven inflation concerns and expectations that interest rates will stay higher for longer.
Spot gold was steady at $4,540.36 per ounce, as of 0241 GMT, after hitting its lowest level since March 30 earlier in the session.
U.S. gold futures for June delivery lost 0.4% to $4,543.70.
A drone strike caused a fire at a nuclear power plant in the United Arab Emirates, officials there said on Sunday.
Saudi Arabia, meanwhile, reported intercepting three drones, as U.S. President Donald Trump warned that Iran must act “fast” after efforts to end the U.S.-Israeli war appeared to have stalled.
Spot silver fell 0.8% to $75.38 per ounce, platinum lost 0.1% to $1,972.10, and palladium dropped 1.3% at $1,394.75.
Reuters