Gold traded higher on Wednesday despite stalled U.S.-Iran peace talks, the release of robust U.S. retail sales data and somewhat hawkish comments from Federal Reserve nominee Kevin Warsh at a Senate confirmation hearing.
Spot gold rebounded to trade 0.8 percent higher at $4,757 an ounce after falling over 2 percent in the previous session. U.S. gold futures were up 1.2 percent at $4,777 an ounce.
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Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.