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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.
市场分析
NAMH Global研究团队撰写的外汇、黄金、原油和股票指数文章：数据发布和央行决议前瞻、市场回顾和知识解读。注明日期的文章描述的是发布当天的市场情况。
精选 · 2026年5月22日
大宗商品
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…
大宗商品
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…
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