The dollar weakened, bond yields dipped and gold rose above $4,700 an ounce on Wednesday with the easing of Middle East tensions.Spot gold jumped 1.1 percent to $4,718.75 an ounce while U.S. gold futures for June delivery were up 1.4 percent at $4,745.60.The dollar index slipped below $99.60 and U.K. and European government bonds climbed rapidly, sending yields tumbling, after U.S. President Donal...
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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.