Gold Holds $4,555 as Silver Breaks Below $76 on Inflation, Ceasefire Repricing

9 articles · Updated · FX Empire · May 18

$4,555.40 gold steadied after defending support around $4,538, while silver slid to $75.97 after breaking its rising channel and staying below the key $78 area.
April's hotter-than-expected U.S. CPI reduced near-term rate-cut bets, and the stable U.S.-Iran ceasefire cooled some safe-haven demand that had supported bullion.
Gold still drew support from central-bank buying—China has added bullion for more than 17 straight months—while silver faced pressure from slower U.S. growth, weaker energy use and higher rates.
Technical levels now point to $4,597 and $4,670 as gold resistance, with silver targeting roughly $74.94 to $73.91 if the breakdown extends.
With Middle East supply disruptions still lingering but the truce holding, both metals are shifting from event-driven swings toward longer-term fundamentals and upcoming central-bank signals.

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