Gold prices moved lower on Tuesday as investors lowered their bets for an additional interest rate cut by the U.S. Federal Reserve in December as recent comments by Fed officials went against the need for further reductions.Front Month Comex Gold for November delivery fell by $7.00 (or 0.17%) to $4,061.30 per troy ounce.Front Month Comex Silver for November delivery lost by 17.50 (or 0.35%) to $50...
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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.