Gold prices were little changed on Wednesday, recouping early losses despite a stronger dollar and higher U.S. Treasury yields. Spot gold was steady at $4,482.58 an ounce, consolidating losses at nearly seven-week lows after U.S. President Donald Trump said the war with Iran will end "very quickly." U.S. gold futures traded around the $4,480 per ounce mark, a day after yields on 30-year U.S. Treas...
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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.