Gold ticked higher on Friday but was on track for its second weekly loss, driven by pressure from a stronger dollar and shifting Fed rate cut expectations.
Spot gold edged up by 0.2 percent to $5,087.75 an ounce as the dollar and oil paused their advance. U.S. gold futures, however, were down 0.6 percent at $5,094.54.
Bullion remains on track for a second weekly decline in the wake of inflation concerns and dollar strength linked to the ongoing conflict involving Iran, Israel and the United States.
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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.