Gold prices have moved sharply lower during trading on Tuesday, more than offsetting the rebound seen during last Friday's session.
After surging $97.90 or 2 percent to $5046.30 an ounce during the previous session, gold for April delivery has plunged $134.70 or 2.7 percent to $4,911.60 an ounce an ounce.
The sharp pullback by the price of gold comes amid an increase in the value of the U.S. dollar. The U.S. dollar index has pulled back off its highs but remains up by 0.3 percent.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
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.