Gold futures settled higher on Monday as the dollar shed ground ahead of the Federal Reserve's monetary policy meeting.
The Fed, which is scheduled to announce its rate decision on Wednesday, is widely expected to hold rates unchanged but traders will pay close attention to the accompanying statement and the central bank's projections for clues about the outlook for rates.
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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.