After moving sharply higher early in the session, the price of gold gave back ground over the course of the trading day on Friday but managed to close modestly higher.
Gold for December delivery inched up $5.70 or 0.3 percent to $1,999.20 an ounce after reaching a high of $2,011.90 an ounce.
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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.