Gold futures settled higher on Monday, although the dollar's rebound from the session's lows limited the yellow metal's upside.
The dollar was quite sluggish as Fed rate uncertainty prevailed after New York Fed chief Williams said that a March cut seems 'premature', tempering market speculation about imminent rate cuts.
Also, Fed Bank of Chicago President Austan Goolsbee said on Sunday in an interview on CBS that it's too early to declare victory over inflation fight, and interest-rate decisions would depend on incoming data.
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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.