Gold prices surged higher on Thursday as the dollar shed ground against most of its major counterparts after data showing an unexpected drop in U.S. producer prices in March raised expectations the Federal Reserve will soon end its tightening cycle.Warnings of a rising risk of U.S. recession also boosted safe-haven demand for bullion.According to minutes of the Fed's March meeting released on Wedn...
For comments and feedback contact: editorial@rttnews.com
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.