Gold prices have moved sharply lower during trading on Thursday, more than offsetting the modest increase seen in the previous session.
After rising $11 or 0.2 percent to $5,134.70 during Wednesday's trading, gold for April delivery has tumbled $51.10 or 1.0 percent to $5,083.60 an ounce.
The sharp pullback by the price of the precious metal comes amid an increase in the value of the U.S. dollar, with the U.S. dollar index climbing by 0.5 percent to its highest levels in well over a month.
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.