Prices of the yellow metal continued to gain as comments by Fed speakers triggered renewed hopes of earlier-than-expected rate cuts by the Fed. An easing in inflation in several regions of Europe also bolstered sentiment, dragging bond yields lower and lifting gold prices.
Ten-year bond yields in the U.S. dropped to a low of 4.25 percent before rising to its current level of 4.29 percent. Bond yields eased in tandem in Europe and Asia as well.
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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.