Gold prices experienced a slight decline but remained largely steady as investors assessed ongoing tensions in the Middle East alongside anticipation of upcoming US inflation data. These factors contributed to cautious market sentiment globally. The Federal Reserve's rate outlook and recent developments, including former US President Donald Trump's visit to China, also influenced market dynamics. The interplay of geopolitical risks and economic indicators continues to shape gold's role as a safe-haven asset amid uncertain global conditions. Spot gold dips marginally while markets eye Fed rate outlook and Trump’s China visit. The update was published on 12 May 2026, 12:15 pm.