Gold prices climbed higher on Monday on safe-haven buying amid rising geopolitical crisis in the Middle East, where Israel and Palestinian militant group Hamas are engaged in a fierce battle.
Gold was also supported by hopes the Federal Reserve might pause interest rate hike after data showed wage growth in te U.S. moderated in the month of September although the economy saw a larger than expected job additions in the month.
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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.