Kitco
26 May 2026, 21:53 UTC · 1h ago
Source · https://www.kitco.com/news/article/2026-05-26/metals-dip-sp-nasdaq-hit-records-iran-deal-hopes-kitco-pm-report
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The S&P 500 and Nasdaq Composite both achieved record closing highs, led by gains in tech shares. — Record-breaking equity closes indicate strong risk appetite and bullish momentum in growth sectors.
+0.80Reports suggest a possible two-month extension of the U.S.-Iran ceasefire, which could reopen the Strait of Hormuz and ease naval blockades. — A ceasefire extension reduces geopolitical risk premiums in energy markets and lowers inflation expectations.
+0.60Spot gold and silver prices declined as a firmer U.S. dollar and reduced energy-inflation shocks weighed on bullion. — A strong USD and easing geopolitical tension reduce the appeal of precious metals as safe-haven and inflation hedges.
-0.40U.S. consumer confidence for May slipped to 93.1 from a revised 93.8 in April, though it still beat consensus estimates. — Softening consumer confidence suggests a slight decline in economic resilience under inflation pressure.
The Case-Shiller national home-price index growth slowed to 0.7% year-over-year in March from 0.8% in February. — Slowing housing price growth indicates a cooling real estate market, which has a mild dampening effect on economic momentum.
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