Gold prices fell sharply on Thursday as the dollar climbed higher after the Federal Reserve Chair Jerome Powell said in the post monetary policy meeting press conference on Wednesday that "it was premature to be thinking about pausing" on rate hikes.As widely expected, the Fed raised interest rate by 75 basis points on Wednesday."It is very premature to be thinking about pausing," Powell said in h...
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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.