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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Gold prices rallied as the US Dollar index declined following the release of the FOMC meeting minutes. According to reports, the minutes flagged potential interest rate hikes, triggering mixed market reactions across financial sectors. This development led to a rotation out of the dollar and into gold as investors reacted to the language regarding future monetary policy.
This market shift occurs amid varying global economic signals, with UK GDP growth recorded at 0.6% QoQ per market data on May 14, 2026. Meanwhile, US Retail Sales for May showed a monthly increase of 0.5%, a significant slowdown from the previous 1.6% reading, providing further context for the Fed's ongoing deliberations regarding the trajectory of interest rates.
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Sign InMarket participants are now monitoring XAU/USD and the DXY index levels following the minutes' release. Key catalysts to watch include upcoming communications from Federal Reserve officials, specifically speeches by Fed's Barr and Williams scheduled for late May 14, which may clarify the central bank's stance on balance sheet operations and rate hikes.