Gold Holds Firm as Trump Delays Iran Strike Plans Again

On May 19, 2026, gold prices steadied after Donald Trump paused a planned Iran attack, keeping Middle East tensions and inflation fears firmly in focus.

Gold Clings to Support as Iran Pause Calms Markets

Gold slipped Tuesday yet remained above Monday’s six-week low as investors weighed cooling oil prices against lingering geopolitical anxiety. Spot gold fell 0.5% to $4,543.49 an ounce, while U.S. futures eased to $4,546.90.

Inflation Fears Still Shadow Bullion

Friday’s sharp bullion selloff, the steepest since March, rattled traders after bond markets surged on inflation worries. “Every storm leaves a ripple,” and markets now await minutes from April’s Federal Reserve meeting for direction.

Oil prices dropped more than 2% after Trump delayed military action to allow negotiations with Iran, easing immediate inflation pressure on gold.

Silver, platinum, and palladium also declined, reflecting broader caution across metal markets despite easing geopolitical tensions overnight.