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.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.