Gold slips to 1-1/2-month low as Middle East tensions lift oil, cloud rate outlook

May 18, 2026

Gold prices dropped to a one-month low on Monday. Middle East tensions boosted oil prices, fueling inflation concerns. This reinforced expectations for sustained higher interest rates. Investors are awaiting US Federal Reserve meeting minutes for policy direction. India has also curbed silver imports to ease pressure on its currency. Other precious metals also saw declines.

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