Extending a recent upward trend, the price of gold moved sharply higher during trading on Wednesday, reaching the highest levels in three weeks.Gold for August delivery surged $24.60 or 1.3 percent to $1,961.70 an ounce after rising $6.10 or 0.3 percent to $1,937.10 an ounce on Tuesday.The precious metal benefited from a steep drop by the value of the U.S. dollar, with the U.S. dollar index slumpi...
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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.