Kitco
26 May 2026, 18:42 UTC · 3h ago
Source · https://www.kitco.com/news/article/2026-05-26/gold-and-silver-prices-under-pressure-rising-inflation-and-rate
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Market expectations have shifted from 1-2 rate cuts in 2026 to expecting one rate hike due to rising inflation and Middle East conflict. — Higher interest rate expectations increase the opportunity cost of holding non-yielding assets like gold and silver, exerting strong downward pressure on prices.
-0.80India has increased import duties on gold and silver from 6% to 15% and restricted silver bar imports to support the rupee. — India represents a massive share of global demand; reducing its imports via tariffs directly lowers global consumption and prices.
-0.60Goldman Sachs has revised its nowcast of central bank gold purchases upward to 60 tonnes per month for 2026. — Increased institutional buying by central banks provides a fundamental floor and bullish support for gold prices amid geopolitical uncertainty.
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Goldman Sachs is mentioned as providing a revised forecast for central bank gold purchases, which is a neutral analytical activity.
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