Gold prices went on a tailspin on Tuesday as investors resorted to profit-taking from recent record highs even as they assessed the ongoing developments in U.S.-China trade friction, which began after China's recent attempts to restrict its exports to the U.S.Front Month Comex Gold for October delivery nosedived by $248.70 (or 5.74%) to $4,087.70 per troy ounce.Front Month Comex Silver for October...
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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.