Gold prices moved sharply higher on Friday as the dollar fell and bond yields dropped amid rising bets the Federal Reserve is likely to end its tightening cycle.
However, during his speech at Spelmen College today, Fed Chair Jerome Powell acknowledged recent signs of slowing price growth but said the Fed is committed to keeping monetary policy restrictive until officials are confident inflation is on a path to 2%.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.