Gold prices traded lower on Friday and headed for a weekly loss despite renewed optimism about U.S.-Iran talks. Both the sides are still at odds over Tehran's uranium stockpile and future control of the Strait of Hormuz.
Spot gold dipped 0.4 percent to $4,525.80 an ounce and headed for a decline of around half a percent for the week due to increased expectations for Federal Reserve rate hikes this year. U.S. gold futures were down 0.7 percent at $4,525.05.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.