Gold held firm above $4,500 an ounce on Friday, the dollar headed for a small weekly loss on improved risk sentiment in markets, and oil prices slipped to a one-month low amid investor optimism that the Middle East conflict is inching toward an end and that the reopening of the Strait of Hormuz may ease disruptions to energy flows.
Softer U.S. GDP and inflation data released overnight also drew investors firmly back into safe-haven assets.
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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.