Gold futures settled notably lower on Monday as the dollar firmed against other major currencies ahead of the Federal Reserve's monetary policy announcement, due this week.
Several other central banks, including the European Central Bank and the Bank of England, are also scheduled to announce their policy decisions this week. The Swiss National Bank and the Norges Bank as well are set to announce their policy moves during the course of this week.
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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.