Gold futures settled higher on Friday as the dollar pared early gains. However, the upside was just modest as global equities gained amid optimism about Chinese economic growth after a top official said the worst was over in the battle against Covid-19.
The dollar index, which climbed to 102.55 earlier in the session on concerns that an economic downturn could be unavoidable, dropped to 102.05 later on in the day, down slightly from the previous close.
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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.