Gold futures settled lower on Tuesday as the dollar climbed to a fresh two-year high and bond yields surged amid rising expectations the Fed would announce a series of steep rate hikes this year.
The dollar climbed with traders reacting to St. Louis Federal Reserve Bank President James Bullard's comments that more aggressive policy tightening is needed to combat inflation.
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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.