Gold futures slipped 0.38 percent to 4,518 dollars per ounce on May 22 as improving risk appetite drew investors toward equities amid hopes of progress in U.S.-Iran peace negotiations.
The precious metal, which often rises during geopolitical crises as a safe-haven asset, eased as traders reduced defensive positions following signals that diplomatic contacts could advance. A firmer dollar also contributed to pressure on gold denominated in U.S. currency.
Gold had rallied earlier in the Iran conflict as oil prices surged and equity markets swung wildly. The partial pullback reflected a classic rotation as catastrophic tail-risk scenarios appeared slightly less immediate to portfolio managers.
Despite the daily decline, gold remains elevated compared with levels before the Middle East war escalated, supported by central bank purchases and persistent inflation concerns. Analysts said the metal’s path will continue to track oil prices, Treasury yields and the trajectory of ceasefire talks between Washington and Tehran.
Gold had gained earlier in the Iran conflict as investors sought protection from oil-driven inflation and equity volatility. A stronger dollar and record U.S. stock closes reduced immediate demand for bullion on May 22. Central bank buying and inflation persistence continue to support gold prices relative to pre-war levels.
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Sources:
https://www.thestreet.com/stock-market-today/stock-market-today-dow-jones-sp-500-nasdaq-updates-may-21-2026