Gold prices climbed higher on Thursday as a sell-off in global stock markets amid worries over rising inflation and growth concerns pushed up the demand for the safe-haven metal.The dollar's sharp slide contributed as well to gold's surge. Investors fretted over the impact of the prolonged Ukraine-Russia war, higher interest rates and China's zero-COVID policy on global growth.Also, downside risks...
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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.