Gold futures settled slightly lower on Thursday, although the decline was just marginal as traders continued to remain optimistic that the Fed will not hurry to tighten its monetary policy.
Data released by the Labor Department on Wednesday showed that the nation's consumer price index eased in July from the previous month, raising hopes that the central bank will not taper its bond-buying prorgram anytime soon.
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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.