Gold at US$4,700, Silver $86 following CPI Data
May 14, 2026Good evening ladies and gentlemen, welcome back to The Australian Gold Mid-Weekly Review! Every Thursday, we knock on your mailbox to deliver the latest insights into the precious metals and mining market.
Gold is currently holding firmly at US$4,700/oz, while silver continues to trade at US$86/oz. Interestingly, this strength in precious metals comes despite U.S CPI data surprising to the upside this week, leading markets to increase the probability of a December rate hike to above 40%. Under normal circumstances, stronger inflation and rising rate hike expectations would pressure gold and silver lower. While gold did fall down to US$4,700/oz following CPI data, it continues to hold there - which is slightly surprising.
Meanwhile, oil continues to climb higher and is currently trading at US$101/bbl amid ongoing tensions between the U.S and Iran. Markets remain cautious as investors monitor developments in the Middle East closely, with concerns surrounding potential supply disruptions continuing to underpin oil prices.
And finally, the ASX-All Ordinaries Gold Index currently sits at 18,136 points, broadly following gold's resilience this week as investors continue to support Australian gold producers amidst the strong underlying gold price environment.
And that's it! Thank you so much for dropping by The Australian Gold Mid-Weekly Review! Here at GoldHub, we continue to closely monitor the relationship between inflation expectations, interest rate probabilities, geopolitics, and precious metals pricing as markets navigate an increasingly uncertain macro environment. Till then, see you next Thursday!
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Brian contributes his insights on precious metals and mining stocks via free and paid newsletters with independent publisher, Fat Tail Investment Research. You can learn about his work by visiting www.daily.fattail.com.au. Fat Tail Investment Research is part of The Agora, a renowned international financial solutions publisher.
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