Gold jumped nearly 1 percent toward $4,600 an ounce on Tuesday but was poised for a monthly loss of about 13 percent, marking its worst monthly performance since October 2008.
Spot gold traded almost 1 percent higher at $4,560 an ounce as positive comments from Federal Reserve Chair Jerome Powell helped traders temper their rate-hike expectations. U.S. gold futures for June delivery were up 0.7 percent at $4,588.
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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.