Gold prices drifted lower on Tuesday, pushing the most active gold futures contracts to a weak close for a third consecutive session, as the yields on long term bonds rose and the dollar gained against its peers.Traders looked ahead to the Federal Reserve's monetary policy announcement due on Wednesday.The dollar index, which rose to 90.68 around mid-morning from a low of 90.35 touched in the Asia...
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.