Gold prices slipped below $4,700 an ounce on Wednesday as a stronger dollar and rising Treasury yields dented bullion's safe-haven appeal. Spot gold dipped 0.35 percent to $4,697 an ounce while U.S. gold futures were up half a percent at $4,707.75.The U.S. dollar held near a one-week high as investors assessed the path for interest rates under new leadership. U.S. Treasury yields fell slightly aft...
For comments and feedback contact: editorial@rttnews.com
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.