Gold extended losses on Thursday after having hit a one-month low in the previous session on hawkish Fed comments.Spot gold fell 2.2 percent to $4,712.50 an ounce while U.S. gold futures were down 3.7 percent at $4,713.34.A stronger dollar exerted downward pressure on bullion as the U.S. Federal Reserve delivered a hawkish hold and escalating attacks on Persian Gulf oil-and-gas infrastructure sent...
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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.