Gold prices surged on Monday as concerns about the consequences of a prolonged U.S. government shutdown on the economy boosted the precious metal.Front Month Comex Gold for October delivery soared by $67.70 (or 1.74%) to $3,948.50 per troy ounce. Notably, this is a new record high for gold.Front Month Comex Silver for October delivery also rose sharply by 48.50 cents (or 1.02%) to $48.082 per tro...
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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.