Gold prices drifted lower on Wednesday as the dollar advanced and bond yields rose ahead of the release of the minutes of the Federal Reserve's July meeting.Gold shed ground amid bets soaring inflation might prompt central banks to be a bit aggressive with regard to their rate hike moves.The dollar index climbed to 106.89, and despite subsequently falling to around 106.50, rallied again and was ho...
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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.