A weaker dollar lifted precious metals on Monday, with gold surging above $5,000 an ounce ahead of key U.S. jobs data due this week, including reports on jobs, inflation and consumer spending.
Investors also reacted to escalating tensions between Tehran and Washington, with U.S. President Donald Trump calling for a regime change in the nation and Iran stating that it is not scared by the military deployment near the region.
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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.