Gold Steady Before Trump-Xi Talks and Iran Updates

On May 14, 2026, gold prices traded cautiously as investors monitored upcoming talks between Donald Trump and Xi Jinping while tracking developments surrounding the Iran war.

Gold Holds Ground as Markets Await Key Talks

Group prices steadied on Thursday as traders focused on high-level U.S.-China discussions and persistent geopolitical tensions. Spot gold traded near $4,689.49 per ounce, while U.S. gold futures slipped 0.2% to $4,696.40.

Investors remain cautious ahead of Trump’s meetings in Beijing, where trade relations and Middle East tensions are expected to dominate discussions. “Still waters run deep,” and the gold market reflected that mood as traders avoided aggressive bets.

Inflation Concerns Limit Bullion Gains

Fresh U.S. producer price data showed the biggest rise in four years, fueling concerns that inflation could stay elevated. Higher interest-rate expectations continued to weigh on non-yielding bullion despite ongoing safe-haven demand.

Meanwhile, the gold discount in India widened beyond $200 an ounce following import duty changes and weak physical demand.