The price of gold rose Friday to end the week with a modest gain.
Buying interest re-emerged after prices fell below the psychological level of $1,200 this week, with investors still uncertain about the global economic outlook seeking opportunity to add positions on every dip.
August gold settled up $13.70 at $1209.80 a troy ounce on the COMEX division of the New York Mercantile Exchange.
A sharp sell-off in the previous week yanked down bullion prices from above $1250.
Meanwhile, the dollar edged up from an eight-week low against the euro reached on Thursday.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.