Gold prices drifted lower on Tuesday as the dollar surged on upbeat industrial production and retail sales data. The dollar index climbed to 95.90, gaining more than 0.5% over the previous close.Gold futures for December ended down by $12.50 or about 0.7% at $1,854.10 an ounce after having surged to a nearly five-month high of $1,879.50 an ounce earlier in the session.Silver futures for December e...
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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.