Gold prices drifted lower on Monday, paring early gains, but a weak dollar and lower Treasury yields helped limit the yellow metal's downside.
Gold prices moved higher earlier in the day, after U.S. President Joe Biden said Sunday that the United States and other Group of Seven leading economies will ban imports of gold from Russia.
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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.