Gold futures settled at near four-week high on Thursday as the dollar fell and bond yields dropped to a one-month low.
Dollar drifted lower amid rising prospects of the Fed stopping interest rate hike after data showed both headline and core inflation in the U.S. rose at a slower-than-expected pace in June.
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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.