Gold prices fell on Monday as the dollar climbed higher on rate hike expectations.The dollar index rose to 106.43, gaining about 0.75%, as weak economic data out of China boosted the demand for the safe-haven currency.A surprise interest rate cut by China's central bank has added to concerns about slowing growth in the world's second largest economy.The dollar was also supported by hawkish comment...
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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.