{"id":127012,"date":"2026-05-12T10:40:00","date_gmt":"2026-05-12T06:40:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=127012"},"modified":"2026-05-12T10:48:55","modified_gmt":"2026-05-12T06:48:55","slug":"gold-holds-firm-as-iran-ceasefire-hangs-by-a-thread-trump-xi-summit-and-cpi-data-set-stage-for-pivotal-moves","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-holds-firm-as-iran-ceasefire-hangs-by-a-thread-trump-xi-summit-and-cpi-data-set-stage-for-pivotal-moves\/05\/12\/market-updates\/","title":{"rendered":"Gold Holds Firm as Iran Ceasefire Hangs by a Thread: Trump-Xi Summit and CPI Data Set Stage for Pivotal Moves"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Mixed gold action:<\/strong> Spot gold edged down 0.1% to $4,729.18 per ounce, while U.S. gold futures gained 0.2% to $4,738.00.<\/li>\n\n\n\n<li><strong>Modest Monday gain:<\/strong> The yellow metal rose 0.4% in the previous session.<\/li>\n\n\n\n<li><strong>Trump&#8217;s harsh words:<\/strong> The president called Iran&#8217;s response a &#8220;piece of garbage&#8221; and said the ceasefire is on &#8220;massive life support.&#8221;<\/li>\n\n\n\n<li><strong>Iran ready to retaliate:<\/strong> Tehran said its armed forces are prepared to respond decisively to any &#8220;act of aggression.&#8221;<\/li>\n\n\n\n<li><strong>Tehran&#8217;s demands:<\/strong> Iran insists on sanctions relief, restoration of oil exports, and recognition of sovereignty over Hormuz.<\/li>\n\n\n\n<li><strong>Oil stays elevated:<\/strong> Crude prices remain supported by Hormuz supply disruption fears.<\/li>\n\n\n\n<li><strong>Gold&#8217;s double bind:<\/strong> Higher oil prices fan inflation concerns, potentially keeping Fed rates higher for longer \u2014 bad news for non-yielding bullion.<\/li>\n\n\n\n<li><strong>Trump-Xi summit looms:<\/strong> Beijing meeting this week to cover Iran, Taiwan, trade tensions, AI, and energy security.<\/li>\n\n\n\n<li><strong>CPI in focus:<\/strong> U.S. inflation data due Tuesday could shape the Fed&#8217;s policy path.<\/li>\n\n\n\n<li><strong>Dollar firms:<\/strong> The DXY edged up 0.2%, making gold pricier for foreign buyers.<\/li>\n\n\n\n<li><strong>Silver firms:<\/strong> Spot silver edged 0.2% higher to $86.31 per ounce.<\/li>\n\n\n\n<li><strong>Platinum falls:<\/strong> Platinum dropped 1.7% to $2,098.76 per ounce.<\/li>\n<\/ul>\n\n\n\n<p>Gold prices held steady during Asian trading on Tuesday as investors monitored a fragile ceasefire between the United States and Iran, while also awaiting a pivotal meeting between Donald Trump and Chinese President Xi Jinping later this week.<\/p>\n\n\n\n<p>Spot gold edged down 0.1% to $4,729.18 an ounce by 22:18 ET (02:18 GMT), while U.S. gold futures gained 0.2% to $4,738.00 an ounce.<\/p>\n\n\n\n<p>The yellow metal rose 0.4% on Monday.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Iran Ceasefire on &#8220;Massive Life Support&#8221;<\/h2>\n\n\n\n<p>Trump said that Iran&#8217;s response to a U.S.-backed peace proposal was a &#8220;piece of garbage&#8221; and warned that the ceasefire risked collapsing after weeks of indirect negotiations.<\/p>\n\n\n\n<p>He described the truce as being on &#8220;massive life support,&#8221; adding to fears of renewed escalation across the Gulf region.<\/p>\n\n\n\n<p>Iran, meanwhile, said its armed forces were prepared to respond decisively to any &#8220;act of aggression.&#8221;<\/p>\n\n\n\n<p>Iranian officials insisted that Tehran&#8217;s demands \u2014 including sanctions relief, restoration of oil exports, and recognition of its sovereignty over the Strait of Hormuz \u2014 were legitimate.<\/p>\n\n\n\n<p>Oil prices remained elevated on Tuesday on concerns over possible supply disruptions through the Strait of Hormuz, a key artery for global crude shipments.<\/p>\n\n\n\n<p>Higher oil prices have capped gains in bullion, as investors worry that a sustained rise in energy costs could fuel inflation and prompt the Federal Reserve to keep interest rates elevated for longer. Higher interest rates tend to reduce the appeal of non-yielding assets such as gold.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">All Eyes on Trump-Xi Summit and CPI Data<\/h2>\n\n\n\n<p>Investors were also focused on Trump&#8217;s expected meeting with Xi in Beijing later this week, where discussions are expected to include Iran, Taiwan, trade tensions, artificial intelligence, and energy security.<\/p>\n\n\n\n<p>Attention is also turning to upcoming U.S. inflation data, particularly the Consumer Price Index report due later on Tuesday, for clues on the Federal Reserve&#8217;s interest-rate path.<\/p>\n\n\n\n<p>The U.S. Dollar Index edged up 0.2% in Asian trading, making gold costlier for buyers using other currencies.<\/p>\n\n\n\n<p>Among other precious metals, spot silver edged 0.2% higher to $86.31 per ounce, while platinum fell 1.7% to $2,098.76 per ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Mixed gold action: Spot gold edged down 0.1% to $4,729.18 per ounce, while U.S. gold futures gained 0.2% to $4,738.00. Modest Monday gain: The yellow metal rose 0.4% in the previous session. Trump&#8217;s harsh words: The president called Iran&#8217;s response a &#8220;piece of garbage&#8221; and said the ceasefire is on &#8220;massive life support.&#8221; &hellip;<\/p>\n","protected":false},"author":9,"featured_media":126805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-127012","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=127012"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127012\/revisions"}],"predecessor-version":[{"id":127013,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127012\/revisions\/127013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/126805"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=127012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=127012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=127012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}