Gold prices drifted lower on Thursday, extending losses to a fourth straight session, as the dollar moved up amid expectations of more interest rate hikes by the Federal Reserve in the coming months.
Data showing a drop in weekly jobless claims in the U.S. weighed as well on gold prices.
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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.