Gold prices drifted lower on Wednesday, extending losses to a fifth straight session as the dollar strengthened against most of its peers.
However, with global stocks failing sharply due to worries about rising coronavirus cases and tighter lockdown restrictions in several places around the world, gold's decline was somewhat limited.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.