Gold prices were sharply lower on Monday while the dollar index advanced as a lack of progress in the U.S.-Iran peace talks sent oil prices soaring and revived inflation fears. Spot gold fell 1.2 percent to $4,659.22 an ounce while U.S. gold futures were down 1.4 percent at $4,666.80.Brent crude prices jumped above $105 a barrel after the United States and Iran failed to agree on a pace deal, kee...
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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.