Gold futures settled lower on Wednesday after the dollar moved up, extending gains from the previous session.The dollar index rose to 93.26 ahead of the release of the Federal Reserve's July meeting. However, it fell to 92.96 soon after the release of the minutes. It was last seen at 93.07, down marginally from Tuesday's close.Gold futures for December ended down by $3.40 or about 0.2% at $1,784.4...
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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.