finance.yahoo.com Β·
gold slips 1 1 2 013510310
Topic context
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AI insight
AI-generatedGold price decline driven by rising U.S. Treasury yields increasing opportunity cost of holding gold. J.P. Morgan's downward revision of 2026 gold price forecast indicates weaker near-term demand. Impact is global, affecting gold as a commodity and precious metals sector.
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources β not direct quotes from the publisher.
- Gold price at $4,539.48/oz on May 18, 2023, after hitting 1-1/2-month low.
- U.S. gold futures for June delivery down 0.4% to $4,543.
- U.S. Treasury yields at highest since February 2025.
- J.P. Morgan revised 2026 average gold price forecast down to $5,243 from $5,708.
- Spot silver at $75.60/oz, platinum at $1,970.74.
Mid-term gold outlook weakens with potential 2-5% downside over 1-4 weeks following J.P. Morgan's forecast revision.
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Sector impact at a glance
- COMMODITY_GOLDmid
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