Gold prices jumped on Monday, extending previous session's gains, with last week's weak-than-expected US jobs data continuing to cement expectations for a rate cut by the Federal Reserve.Front Month Comex Gold for September delivery advanced by $24.90 (or 0.69%) to $3,638.10 per troy ounce today. Notably, today's settlement value is a new record closing high for gold.Front Month Comex Silver for S...
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.