Gold futures settled notably higher on Tuesday as the dollar extended its slide against most of its major counterparts.
Treasury yields dropped as well amid bets the U.S. Federal Reserve might cut rates later this year.
The dollar index dropped to 101.46 around mid morning, and was at 101.63 a little while ago, losing nearly 0.5%.
Gold futures for June ended higher by $37.80 or about 1.9% at $2,038.20 an ounce.
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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.