Gold prices fell on Tuesday, dropping for a second straight session, and pushed the most active gold futures contracts to a two-week closing low, amid prospects of aggressive policy tightening by the Federal Reserve to combat inflation.
A firm dollar weighed on gold prices. The dollar index, which climbed to 104.61, came off that high subsequently, but still remains firm at 104.51, up 0.55% from the previous close.
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Market Analysis
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.