Gold prices fell on Tuesday as the dollar climbed and Treasury yields soared amid continued bets the Federal Reserve will hold interest rates higher for longer to tame inflation.
Fairly upbeat U.S. economic data and disappointing data from several parts of the globe also contributed to the dollar's advance.
The dollar climbed to an 11-month high today, reacting to hawkish remarks by Federal Reserve officials. The dollar index surged to 107.35 before paring some gains. Still, at 107.08, the index was up nearly 0.2% from the previous close.
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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.