Gold prices edged higher on Wednesday, with traders shying away from taking risky moves as they await key official economic releases to get better insights on the economy as well as to assess the central bank's policy direction.
Front Month Comex Gold for November delivery rose by $16.40 (or 0.40%) to $4,077.70 per troy 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.