TechFlow News: On May 20, amid ongoing geopolitical tensions and persistently high U.S. Treasury yields, the precious metals market retreated under pressure, while crude oil maintained its strength. WEEX TradFi market data shows: Gold (XAU) fell 1.85% to $4,466.83 per ounce; Silver (XAG) fell 3.81% to $73.55 per ounce; Crude Oil (CRUDEOIL) rose 1.30% to $104.11 per barrel.
WEEX Labs believes gold remains a key safe-haven asset amid current macroeconomic uncertainty. Although elevated U.S. Treasury yields exert some downward pressure on precious metals, geopolitical risk premiums continue to dominate short-term market sentiment. In contrast, silver’s performance is notably weaker than gold’s, while crude oil remains supported by geopolitical factors in the near term. Going forward, attention should focus on global demand shifts and potential releases from strategic reserves.
