Gold prices declined sharply on Friday, as the dollar firmed against peers amid bets the Fed would resort to aggressive monetary tightening after data showed the jobless rate in U.S. dropped to a new two-year low in March.
A surge in Treasury yields also weighed on the yellow metal, while concerns about the Russia-Ukraine conflict limited gold's declined.
For comments and feedback contact: editorial@rttnews.com
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.