Gold prices pared early gains and settled lower on Wednesday despite a somewhat weak dollar.
The dollar stayed weak till well past noon with traders weighing the likely path the Federal Reserve would take with regard to rate hikes.
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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.