Financial Post
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May 18, 2026
· 1 min read
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Gold Extends Gain as Hopes for Iran Truce Ease Inflation Fears
Original article ↗ 🔒 Paywalled source — limited preview availableB.I.A.S. ANALYSIS
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Article Excerpt
Gold extended gains on Tuesday amid hopes that a truce in the conflict between Israel and Hamas could ease inflation fears, according to analysts.
The precious metal rose by 0.4% to $1,813 per ounce as of 12:59 p.m. ET. Gold prices had dipped earlier in the session due to an unexpected increase in U.S. manufacturing activity data, which can sometimes cause market volatility and lead investors to seek out safer assets like gold.
However, hopes for a cease-fire between Israel and Hamas following days of fighting have provided support for the metal. The conflict has been a source of uncertainty…
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