Gold prices traded mixed on Monday, as risk sentiment dampened, equities plummeted and the dollar strengthened, following a warning from the U.S. about an imminent invasion of Russia into Ukraine.
Spot gold slipped 0.2 percent to $1,855.22 per ounce, while U.S. gold futures were up 0.8 percent at $1,856.85.
The dollar rose along with the Japanese yen and the Swiss franc as growing political risks in Ukraine added to broader worries around aggressive monetary policy tightening by the Federal Reserve.
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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.