Key Takeaways:
Gold fell roughly $30 to $35 per ounce during May 17-24, pressured by a DXY near 99.32 and rising Treasury yields.FOMC minutes released May 21 reinforced higher-for-longer Fed expectations, extending gold’s 16% slide from its January 2026 peak of $5,589.Central banks continue net gold purchases, keeping gold bug targets above $5,000 by end-2026 despite near-term headwinds.U.S. stocks advanced during the same period. The S&P 500 closed the week at 7,473, posting its eighth consecutive winning week. The Dow Jones Industrial Average settled at 50,579, up roughly 2.1% and setting new record closes. The Nasdaq Composite finished at 26,343, lifted by technology and AI-related earnings from companies including Dell and Workday.
