Gold futures settled lower on Tuesday, as the dollar firmed up against other currencies amid likelihood of an increase in interest rates sometime in the foreseeable future.U.S. Treasury Secretary Janet Yellen said in an interview that the Federal Reserve may have to hike interest rates to keep the economy from overheating.The dollar's strength was also due to comments from Fed Chairman Jerome Powe...
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.