Gold prices climbed higher on Monday as the dollar weakened amid expectations the Federal Reserve is unlikely to aggressively hike interest rates at the upcoming meeting later this month.
Policymakers including Fed Governor Christopher Waller, as well as regional Fed Presidents Mary Daly, Loretta Mester, James Bullard, and Raphael Bostic, suggested that a 75 basis-point hike would be appropriate for this month.
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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.