Gold prices steady amid anticipation over the U.S.-China summit
5/13/2026 9:11:18 AM
Gold prices were steady at the start of Asian trading, as investors awaited an important U.S.-China summit in Beijing while monitoring developments related to the conflict in the Middle East.
Spot gold remained nearly unchanged at $4,713.39 per ounce. U.S. gold futures for June delivery rose 0.7% to $4,721.80.
Oil prices declined after three consecutive sessions of gains, as investors watched developments surrounding the fragile ceasefire in the Iran war.
U.S. consumer prices rose sharply in April for the second consecutive month, leading to the biggest annual increase in inflation in nearly three years. This strengthened expectations that the Federal Reserve will keep interest rates unchanged for some time.
Spot silver rose 1% to $87.40 per ounce, platinum fell 0.1% to $2,124.70, while palladium gained 0.4% to $1,497.
Spot gold remained nearly unchanged at $4,713.39 per ounce. U.S. gold futures for June delivery rose 0.7% to $4,721.80.
Oil prices declined after three consecutive sessions of gains, as investors watched developments surrounding the fragile ceasefire in the Iran war.
U.S. consumer prices rose sharply in April for the second consecutive month, leading to the biggest annual increase in inflation in nearly three years. This strengthened expectations that the Federal Reserve will keep interest rates unchanged for some time.
Spot silver rose 1% to $87.40 per ounce, platinum fell 0.1% to $2,124.70, while palladium gained 0.4% to $1,497.