Gold prices fell on Wednesday as the dollar surged higher and bond yields rebounded from early losses.
The dollar stayed firm after the Federal Open Market Committee meeting minutes largely reaffirmed the U.S. central bank's more cautious stance on interest rates.
Minutes from the Fed's last rate-setting meeting showed officials expect to keep interest rates at a restrictive level for "sometime" and raise interest rates if progress in controlling inflation faltered.
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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.