Gold prices drifted lower on Thursday, losing for a sixth straight session, as riskier assets such as equities rebounded after suffering a severe setback in the previous session.
The dollar's retreat after early strength helped limit bullion's downside. The dollar index, which advanced to 90.86 in the European session, subsequently fell below the flat line and was last seen at 90.44, down 0.25% from previous close.
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Market Analysis
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.