Live Spot Gold
Bid/Ask
4,684.304,686.30
Low/High
4,666.004,719.10
Change
-3.70-0.08%
30daychg
-140.60-2.91%
1yearchg
+1,534.20+48.70%
Silver Price & PGMs
(Kitco NewsWire, Thurs. May 14th, 2026) – Spot gold prices are firmer and spot silver prices are softer in early U.S. trading Thursday, as traders weigh sticky inflation signals, Treasury yields near the 4.4% area and a still-fragile U.S.-Iran/Hormuz backdrop. At the time of writing, spot gold was trading near $4,700.30 an ounce, up 0.26%, while spot silver was trading at $86.980, down 0.44% on the session.
April retail sales rose 0.5% after a revised 1.6% gain in March, while sales excluding gasoline rose 0.3%. Initial jobless claims rose by 12,000 to 211,000 for the week ended May 9, keeping the labor market broadly firm but no longer tightening. The data followed an April producer-price print that lifted rate-sensitive pressure across metals by hardening the market’s inflation view.
Global equity tone was mixed to firmer. U.S. equity futures pointed higher before the open, with S&P 500 futures up 0.3%, Dow futures up 0.7% and Nasdaq futures up 0.2%. In Europe, the FTSE 100 gained 0.5%, France’s CAC 40 rose 0.8% and Germany’s DAX advanced 1.3%. In Asia, Japan’s Nikkei 225 lost 1.0% to 62,654.05, South Korea’s Kospi gained 1.8% to a record 7,981.41 and Hong Kong’s Hang Seng was near flat at 26,389.04.
Traders are watching the post-8:30 a.m. ET digestion of retail sales and weekly jobless claims, along with further comments around U.S.-China talks and Hormuz shipping conditions.
The key outside markets see Nymex WTI crude oil prices softer and trading around $100.86 a barrel, while Brent crude was near $105.44. The U.S. dollar index is firmer. The yield on the benchmark 10-year U.S. Treasury note is trading near the 4.4% area.
Spot silver bulls’ next upside price objective is to drive prices back above the $88.00 to $89.73 area, with a move above that zone targeting $100.00. The next downside price objective for the bears is a break below $84.90, with deeper downside targets at $84.00 and then $82.12. First resistance is seen at $88.00 and then at $89.73. Next support is seen at $84.90 and then at $84.00.
Posted by:
Jack Dempsey, President
401 Gold Consultants LLC
jdemp2003@gmail.com