Gold ticked lower on Friday but was poised for a monthly gain on rising expectations of a U.S. Federal Reserve rate cut in September.Spot gold dipped 0.2 percent to $3,410.27 per ounce in European trade, after having hit its highest level since July 23 on Thursday. U.S. gold futures were down 0.1 percent at $3,470.92.Bullion has gained 3.6 percent so far in August while the dollar was set for a mo...
For comments and feedback contact: editorial@rttnews.com
Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.