Gold prices climbed higher on Friday as the dollar continued to slide, extending recent losses, amid rising optimism the Federal Reserve will start slowing its pace of monetary tightening from next month.The dollar index, which fell more than 2% in the previous session, dropped to a low of 106.46 today, losing over 1.6%.Gold futures for December ended higher by $15.70 or about 0.9% at $1,769.40 an...
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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.