India, May 21 -- Global commodity desks witnessed deep tactical shifts on Thursday, May 21, 2026, as geopolitical realignments in West Asia triggered sweeping liquidations across safe-haven assets. Gold futures managed a minor technical bounce during the mid-Asia electronic session, recovering marginally from a sharp down-leg earlier in the week. However, the overarching bullish momentum remained noticeably capped.

The primary catalyst altering the commodity landscape was an unexpected diplomatic breakthrough. US President Donald Trump stated that negotiations with Iran have reached their "final stages," signaling that the conflict could end "very quickly." While the President appended a strict warning that a failure to sign the pact wou...