Gold futures snapped a three-day losing streak and settled higher on Monday, as a sell-off in global stock markets amid worries about the potential collapse of leading Chinese property developer Evergrande prompted traders to seek the safe-haven commodity.
A slightly positive dollar limited gold's uptick. The dollar found some support with traders eyeing the Federal Reserve's monetary policy announcement, due on Wednesday. The Fed is widely expected to leave monetary policy unchanged but could address the outlook for its asset purchase program.
For comments and feedback contact: editorial@rttnews.com
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.