Asian Gold Prices Slip Further on May 22 Amid Firm Dollar

Gold prices continued to decline modestly across Asia on May 22, with Malaysia at MYR 577.04 per gram, India at INR 14,058.76 per gram and Pakistan at PKR 40,569.59 per gram. The latest drops follow similar small losses on May 19-21 after spot gold steadied near $4,543.66 per ounce on May 18. Persistent pressure from a strong US dollar, elevated Treasury yields and hawkish Fed expectations has outweighed safe-haven buying and central-bank demand, keeping the metal under mild downward pressure.