Gold futures settled notably higher as the dollar turned weak against other major currencies after data showed an unexpected slowdown in the annual rate of consumer price growth last month.The dollar index dropped to 102.75 around mid morning, and despite recovering to 102.90, remains weak, losing about 0.4% from the previous close.Gold futures for August ended higher by $11.50 or about 0.6% at $1...
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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.