Gold prices drifted lower on Friday as the dollar strengthened against most of its major rivals amid rising bets the Federal Reserve will continue to aggressively hike interest rates to tame inflation.The dollar index, which was down at 106.34 in the Asian session, rallied to 106.96 this afternoon, gaining about 0.25%.Gold futures for December ended lower by $8.60 or about 0.5% at $1,754.40 an oun...
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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.