A day after recording their biggest single-session drop in two months, gold futures recovered to close modestly higher on Tuesday as the dollar turned weak ahead of the Federal Reserve's policy announcement, due on Wednesday.The yield on U.S. 10-year Treasury note, which briefly rose to 3% on Tuesday, eased a bit today. The dollar index, which dropped to 103.02 in early New York session, recovered...
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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.