Gold prices climbed higher on Wednesday as the dollar shed ground against its major counterparts amid speculation the Federal Reserve might signal a pause in policy tightening sometime soon.
The Fed is widely expected to raise interest rates by 25 basis points today, but analysts expect a rate cut sometime later this year.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.