Gold prices climbed higher on Wednesday on safe-haven appeal amid the ongoing conflict in the Middle East.Investors kept a wary eye on the situation in the Middle East amidst reports of an imminent ground invasion of Gaza by Israel.A stronger dollar, and higher bond yields limited the yellow metal's upside.The dollar index climbed to 106.53, after exhibiting weakness in the Asian session.Gold futu...
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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.