Gold prices climbed higher on Thursday amid expectations the dollar will likely lose ground in coming days after Fed Chair Jerome Powell hinted at a slowdown in the pace of rate hikes at future meetings.
After announcing another 75-bps rate hike at the end of a two-day policy meeting, Powell said the next move will depend on incoming data.
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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.