Extending a recent downward trend, the price of gold moved moderately lower over the course of the trading day on Friday.Gold for April delivery moved steadily lower as the day progressed, closing down $9.70 or 0.5 percent at a new two-month closing low of $1,817.10 an ounce.The continued weakness came as the U.S. dollar advanced amid concerns about the outlook for interest rates, with the U.S. do...
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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.