Gold prices climbed higher on Tuesday as the dollar shed ground and bond yields dropped amid bets the Federal Reserve will start reducing rates next year.
The Bank of England and the European Central Bank left their interest rates unchanged last week, following the U.S. central bank's decision to hold rates.
Chicago Fed President Austan Goolsbee said on Monday that he was confused by market reaction to Fed Chief's remarks on possible rate cuts and the U.S. central bank is not precommiting to cutting rates soon and swiftly.
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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.