Gold prices fell sharply on Tuesday, pushing the most active gold futures contract to a six-week closing low, as global stocks rallied amid easing concerns about the crisis in the banking sector.A somewhat subdued dollar helped limit the yellow metal's downside. The dollar index moved in a tight range ahead of the Federal Reserve's monetary policy announcement.The Fed began its two-day meeting tod...
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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.