Gold edges higher, silver holds near peak as inflation data weighs on rate-cut bets

Gold futures were little changed early May 14, 2026, while silver held near a recent high after a sharp yearlong rally, as investors assessed inflation data that may delay U.S. interest-rate cuts. June gold futures (GC=F) opened at $4,696.80 per troy ounce, down 0.2% from the prior close, before rising to $4,702.90 at 6:25 a.m. ET. July silver futures (SI=F) opened at $88.12 an ounce, down 1.4% from Wednesday’s $89.36 close, and traded at $87.54 at 6:25 a.m. ET. Silver remained close to its May 13 high above $89 an ounce. Its May 14 opening price was up more than 173% from $32.24 a year earlier. Gold stayed in a narrow range after two inflation reports this week reduced expectations for near-term rate cuts, while reports of shipping activity through the Strait of Hormuz helped ease some geopolitical concerns.