Gold futures failed to hold early gains and ended weak on Wednesday as the dollar gained in strength.Gold prices surged higher earlier in the day, supported by Fitch's downgrade of the U.S. credit rating, and recent data showing a slowdown in global manufacturing activity in July.The dollar index climbed to 102.78 before easing to 102.56, but still remained positive, gaining about 0.25%.Gold futur...
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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.