Despite a weak dollar, gold futures settled lower on Tuesday, extending losses to a third straight session, as data showing a smaller than expected rise in consumer prices prompted investors to seek riskier assets such as equities.
The consumer inflation data added to optimism about the Federal Reserve pausing its recent interest rate increases when the central bank announces its monetary policy decision on Wednesday.
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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.