Gold futures climbed higher on Thursday as the dollar extended its weakness and bond yields dropped after the Federal Reserve's somewhat dovish tone on Wednesday raised optimism that the central bank is down with interest rate hikes.
The dollar index dropped to 105.81 in early New York session, and despite recovering to 106.12, remained well below the flat line, losing about 0.72%.
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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.