Commodities
Gold in May 2026: why it held above $4,500
On 22 May 2026 gold was near $4,524 an ounce despite a Fed on hold, slower ETF buying and weak jewellery demand. What was supporting it, and what could have moved it, as at that date.
Market analysis
Articles from the NAMH Global research desk on forex, gold, oil and stock indices: previews of data releases and central bank decisions, market reviews and explainers. A dated article describes the market on the day it was published.
FEATURED · 22 MAY 2026
Commodities
What moves the gold price: six drivers of XAU/USD
Gold is moved mainly by real interest rates and the US dollar, then by central-bank buying, inflation and safe-haven demand, investment flows and supply. When…
Commodities
Silver in 2026: industrial demand and the gold/silver ratio
Why industrial demand from solar panels and data centres matters for silver, how the gold/silver ratio works, and why silver moves further than gold. Written…
RISK NOTE · This page is general information, not investment advice. Each article describes the market on its publication date. CFDs use leverage. You can lose money quickly, and you can lose all of the money you deposit. Only trade with money you can afford to lose.