Gold futures extended steep recent losses Wednesday morning as the dollar continued to firm versus major rivals.
Gold for April was down 4 dollars at $1212 an ounce, the lowest in more than a month.
The Labor Department's productivity and costs data for the fourth quarter will be published at 8.30 am ET. The forecasters are looking for 1.4 percent growth in non-farm productivity,
We are a week away from the Federal Reserve's highly anticipated interest rate decision.
Fed officials have paved the way for what was once considered an improbable rate hike in March.
Policy makers have expressed concerns that inflation will overshoot the Fed's 2 percent annual target rate unless some tightening soon occurs.
In the meantime, the European Central Bank will make its own interest rate decision tomorrow morning.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.