Gold futures settled flat on Wednesday, as global stocks surged higher in reaction to some positive earnings updates and data showing a significant improvement in U.S. consumer confidence in December. A firm U.S. dollar and Japanese Yen also weighed on gold prices.
The Japanese currency held its recent gains after the Bank of Japan said it would review its yield curve control policy and widened its target band for interest rates - a move that analysts said would allow long-term interest rates to rise more.
For comments and feedback contact: editorial@rttnews.com
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.