Gold prices edged lower on Friday, but were set for a fourth weekly gain as traders pared down expectations of aggressive policy tightening by the Federal Reserve.
Spot gold slipped 0.1 percent to $1,787.79 per ounce, while U.S. gold futures were down 0.2 percent at $1,802.95.
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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.