29/05/2026
Gold Suddenly Surges Again - Investors Are Watching One Key Signal Closely
Global gold prices staged a sharp comeback on May 29, surprising markets after fresh U.S. economic data and renewed geopolitical concerns shifted investor sentiment almost overnight.
Spot gold climbed back toward $4,449 an ounce during early trading, rebounding strongly from the previous session’s low as traders returned to safe-haven assets.
The rally gained momentum after the latest U.S. GDP report showed the economy grew just 1.6% in the first quarter of 2026, below expectations of 2%. The weaker-than-expected figure fueled speculation that economic growth in the United States may be losing steam.
At the same time, core PCE inflation the Federal Reserve’s preferred inflation gauge showed signs of cooling, reinforcing hopes that the Fed could adopt a less aggressive stance on interest rates later this year.
A softer U.S. dollar also helped support gold prices, making the precious metal more attractive to international investors.
Beyond economic data, markets are also keeping a close eye on developments in the Middle East. Ongoing tensions around the Strait of Hormuz one of the world’s most critical oil shipping routes, continue to add uncertainty to global markets.
While diplomatic talks involving the U.S. and Iran are still underway, investors remain cautious as negotiations over extending a temporary ceasefire have yet to reach a final agreement.
Analysts say gold could remain highly reactive in the coming weeks, with both Federal Reserve policy signals and geopolitical headlines likely to play a major role in shaping market direction.