{"id":127214,"date":"2026-05-15T12:49:57","date_gmt":"2026-05-15T08:49:57","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=127214"},"modified":"2026-05-15T12:50:01","modified_gmt":"2026-05-15T08:50:01","slug":"gold-crumbles-for-fourth-straight-day-hot-u-s-data-crushes-rate-cut-hopes-as-trump-vows-iran-military-decimation","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-crumbles-for-fourth-straight-day-hot-u-s-data-crushes-rate-cut-hopes-as-trump-vows-iran-military-decimation\/05\/15\/market-updates\/","title":{"rendered":"Gold Crumbles for Fourth Straight Day: Hot U.S. Data Crushes Rate Cut Hopes as Trump Vows Iran &#8220;Military Decimation&#8221;"},"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>Sharp decline:<\/strong> Spot gold fell 1.6% to $4,578.74 per ounce, while U.S. gold futures slipped 2.1% to $4,585.87.<\/li>\n\n\n\n<li><strong>Weekly carnage:<\/strong> Bullion is down roughly 3% for the week \u2014 four straight sessions of losses.<\/li>\n\n\n\n<li><strong>Silver crashes:<\/strong> Silver prices plunged 5.2% to $79.13 per ounce.<\/li>\n\n\n\n<li><strong>Platinum slips:<\/strong> Platinum dropped 2.3% to $2,013.46 per ounce.<\/li>\n\n\n\n<li><strong>Dollar at 2-week high:<\/strong> The DXY rose 0.3% and is set to gain more than 1% this week.<\/li>\n\n\n\n<li><strong>Inflation worries mount:<\/strong> U.S. PPI posted its biggest annual increase in four years in April, while CPI also surprised on the upside.<\/li>\n\n\n\n<li><strong>Resilient consumers:<\/strong> Strong retail sales data highlighted demand despite rising energy costs.<\/li>\n\n\n\n<li><strong>Rate hike bets emerge:<\/strong> Traders have scaled back rate cut expectations, with some pricing in additional tightening.<\/li>\n\n\n\n<li><strong>Trump-Xi summit conclusion:<\/strong> No major policy breakthroughs emerged despite &#8220;important consensus&#8221; reached.<\/li>\n\n\n\n<li><strong>Hormuz focus:<\/strong> Both sides agreed the strait must remain open; China urged reopening and dialogue.<\/li>\n\n\n\n<li><strong>Trump&#8217;s hawkish threat:<\/strong> &#8220;The military decimation of Iran (to be continued!)&#8221; on Truth Social rattled markets.<\/li>\n\n\n\n<li><strong>Copper falls:<\/strong> LME copper dropped 2.6% to $13,644.22 a ton.<\/li>\n<\/ul>\n\n\n\n<p>Gold prices fell for a fourth straight session on Friday as strong U.S. economic data boosted the dollar and reduced expectations for near-term Federal Reserve easing, while investors focused on key talks between U.S. President Donald Trump and Chinese President Xi Jinping.<\/p>\n\n\n\n<p>Spot gold fell 1.6% to $4,578.74 an ounce by 03:05 ET (07:05 GMT), while U.S. gold futures slipped 2.1% to $4,585.87 an ounce.<\/p>\n\n\n\n<p>Bullion was down roughly 3% for the week.<\/p>\n\n\n\n<p>Among other precious metals, silver prices dropped 5.2% to $79.13 per ounce, while platinum slipped 2.3% to $2,013.46 per ounce.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">US Dollar Strengthens After Strong Domestic Data<\/h2>\n\n\n\n<p>The U.S. Dollar Index rose 0.3% in Asian trading, hitting a two-week high. It was set to rise more than 1% this week.<\/p>\n\n\n\n<p>A series of stronger-than-expected U.S. economic readings this week reinforced concerns that inflationary pressures remain elevated, particularly amid soaring oil prices linked to Middle East tensions. A stronger dollar makes bullion more expensive for overseas buyers.<\/p>\n\n\n\n<p>Data released this week showed U.S. producer prices posted their biggest annual increase in four years in April, while consumer inflation also surprised on the upside. Retail sales data highlighted resilient consumer demand despite rising energy costs.<\/p>\n\n\n\n<p>Traders subsequently scaled back expectations for Federal Reserve rate cuts this year, with some investors even beginning to price in the possibility of additional tightening.<\/p>\n\n\n\n<p>Gold, traditionally viewed as a hedge against inflation and geopolitical uncertainty, tends to lose appeal when interest rates rise because it does not yield interest.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Trump-Xi Meeting Ends with No Major Deal Announcements<\/h2>\n\n\n\n<p>Investors were closely monitoring the Trump-Xi summit in Beijing for clues on U.S.-China trade relations and the Iran conflict. While both sides described the talks as constructive, no major policy breakthroughs emerged after the talks concluded.<\/p>\n\n\n\n<p>Chinese state media said both sides had reached &#8220;important consensus&#8221; on maintaining stable economic and trade ties and agreed to enhance coordination on international issues.<\/p>\n\n\n\n<p>Trump earlier said the relationship between the U.S. and China was &#8220;very strong&#8221; and said Xi had offered assistance on Iran and the Strait of Hormuz situation. China also urged the reopening of Hormuz and called for dialogue to reduce tensions in the Middle East.<\/p>\n\n\n\n<p>Pressuring gold prices further, Trump said in a Truth Social post that &#8220;the military decimation of Iran (to be continued!).&#8221; The remarks highlighted risks of further escalation in the Iran war.<\/p>\n\n\n\n<p>Higher oil prices stemming from disruptions in the Strait of Hormuz have complicated the outlook for bullion by fueling fears of prolonged inflationary pressure globally.<\/p>\n\n\n\n<p>Benchmark copper futures on the London Metal Exchange fell 2.6% to $13,644.22 a ton, while U.S. copper futures declined 3.1% to $6.37 a pound.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Sharp decline: Spot gold fell 1.6% to $4,578.74 per ounce, while U.S. gold futures slipped 2.1% to $4,585.87. Weekly carnage: Bullion is down roughly 3% for the week \u2014 four straight sessions of losses. Silver crashes: Silver prices plunged 5.2% to $79.13 per ounce. Platinum slips: Platinum dropped 2.3% to $2,013.46 per ounce. &hellip;<\/p>\n","protected":false},"author":9,"featured_media":81892,"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-127214","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\/127214","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=127214"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127214\/revisions"}],"predecessor-version":[{"id":127215,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127214\/revisions\/127215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81892"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=127214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=127214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=127214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}