After skyrocketing overnight, the price of gold has given back some ground during regular trading on Monday but remains notably higher.Gold for April is jumping $63.10 or 1.2 percent to $5,311 an ounce after soaring as much as $186.20 or 3.6 percent to a high of $5,434.10 an ounce.The overnight surge by gold came after the U.S. and Israel launched joint strikes against Iran over the weekend, killi...
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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.