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Gold climbs as Trump Xi talks loom and Iran ceasefire watch intensifies
Economy
Published on 12 May 2026
Gold is rising while investors wait for CPI clues
Gold prices rose as markets priced in potential outcomes from an awaited Trump Xi meeting and closely watched fragile ceasefire negotiations involving Iran. Traders are also looking ahead to U.S. CPI data, viewing it as a key signal for the Federal Reserve’s next interest rate moves. Risk sentiment and rate expectations are driving the commodity’s momentum.
- Gold gains as Trump Xi talks near
- Iran ceasefire negotiations remain a key risk factor
- U.S. CPI data could shift Fed rate expectations
- Rate outlook and geopolitics are moving prices together
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times