Gold prices traded lower on Monday as the ongoing U.S.-Iran war entered its third week. As inflation risks mount, traders also await directional cues from the central bank meetings this week in the U.S., the U.K., Europe and Australia.Spot gold dropped 0.6 percent to $4,987.92 an ounce while U.S. gold futures were down 1.5 percent at $4,988.06.The U.S. dollar retreated slightly from its 10-month h...
For comments and feedback contact: editorial@rttnews.com
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.