@secamcommunityminers: Gold prices experienced volatility on May 13, 2026, dipping slightly to around ($4,694)–($4,700) per ounce after hitting three-week highs, as strong U.S. inflation data lowered hopes for imminent interest rate cuts. In India, gold prices are expected to rise further after the government hiked the import duty to \(15\%\). Global Market Trends: Spot gold slipped 0.4% in early trading, weighed down by a stronger U.S. dollar and reduced expectations for Federal Reserve rate cuts following high April inflation data. India Duty Hike: The Indian government significantly increased the import duty on gold and silver to 15% from 6%, effective immediately, which is set to increase domestic prices. Key Drivers: Prices are reacting to continued geopolitical tensions, with higher oil prices tied to the US-Israeli-Iran conflict fueling inflationary pressures. Investor Sentiment: While short-term trading is volatile, some analysts maintain a long-term bullish outlook due to geopolitical instability. Performance: Despite the day's decline, gold remains over 40% higher than it was a year ago. #goldmarket #goldtoday #goldprice #goldbusiness #gold

Secam Community Miners

Open In TikTok:

Region: CM

Wednesday 13 May 2026 14:06:58 GMT