Gold prices have plunged on Thursday after U.S. President Donald Trump asserted that the Middle East war could go on for two to three weeks while delivering his speech to the nation yesterday to update on the conflict.Front Month Comex Gold for June month delivery has plunged by $124.10 (or 2.58%) to $4,689.00 per troy ounce.Front Month Comex Silver for June month delivery has nosedived by $3.833 ...
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Market Analysis
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.