← Latest news 
Gold and silver drop as stronger US inflation crushes rate cut hopes
Economy
Published on 13 May 2026
Bullion is sliding after inflation data shifts the Fed story
Gold and silver prices fell after stronger US inflation data dialed back hopes for interest rate cuts. A firmer US dollar further weighed on demand for bullion. Investors now look to upcoming producer price data and a Trump Xi meeting for new signals, as markets reassess inflation risks and geopolitical tensions that could sway gold, silver, platinum, and palladium.
- Stronger US inflation cooled expectations for rate cuts
- A stronger US dollar added pressure on bullion demand
- Traders now watch producer price data for next moves
- Trump Xi meeting could shift risk and policy outlook
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times