Gold prices have edged lower on Friday as crude oil inventory concerns and the extended delay in the reopening of the Strait of Hormuz increased inflation-related apprehensions, overshadowing the positive signals from the developments in the U.S.-Iran negotiations.Front Month Comex Gold for June month delivery has slipped by $25.10 (or 0.55%) to $4,517.40 per troy ounce.Front Month Comex Silver fo...
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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.