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Gold prices rose modestly on May 11 after a volatile session as investors weighed diplomatic developments between the United States and Iran and looked ahead to key U.S. inflation data scheduled for release this week. Spot gold edged up 0.1% to $4,717.38 per ounce, after falling to a session low of more than 1%. U.S. gold futures were nearly flat at $4,727.80 per ounce.
Jim Wyckoff, Market Analyst at the American Gold Exchange, said the market was seeing some bargain buying and position adjustments ahead of the upcoming inflation figures. He noted that investor attention is centered on the U.S. CPI data due on May 12 and the PPI data due on May 13.
Diplomatic signals involving Iran also influenced sentiment. President Donald Trump’s quick dismissal of Iran’s response to a U.S. peace proposal has raised concerns that the 10-week conflict could persist and disrupt shipments through the Hormuz Strait, a development that could push oil prices higher. Trump also said on May 11 that a ceasefire is currently in jeopardy.
Daniel Pavilonis, Senior Market Strategist at RJO Futures, said the market is focused on the Hormuz Strait outlook—particularly whether the route can be reopened—and is pricing in a scenario of sustained high energy prices.
Global brokers have cut expectations for two Fed rate cuts this year. Forecasts are split between a modest easing path and no cuts in 2026, reflecting persistent inflation risks and cautious policymaking.
While gold is often treated as a safe-haven asset, it can face pressure in a high-rate environment because holding non-yielding assets carries higher opportunity costs.
The market is also monitoring President Trump’s two-day visit to China this week, where he is expected to meet President Xi Jinping to discuss Iran, Taiwan, AI, and nuclear weapons.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
