Gold prices dropped on Tuesday as the dollar climbed higher ahead of Fed Chair Jerome Powell's speeches due on Wednesday and Thursday.A surge in Treasury yields lifted the greenback, and resulted in a drop in demand for the safe-haven yellow metal. The dollar also found support from comments by Minneapolis Federal Reserve Bank President Neel Kashkari that he's not convinced rate hikes are over.The...
For comments and feedback contact: editorial@rttnews.com
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.