Gold prices touched a fresh all-time high again on Monday amidst renewed safe haven bets triggered by the uncertain geopolitical situation and the fresh challenges to the Federal Reserve's authority. Gold Futures touched an all-time high of $4,612.40 in the day's trade.
The boost to the yellow metal's prices came amidst a heavy weakness in the Dollar. The six-currency Dollar Index which measures the U.S. dollar's strength against a basket of currencies is currently at 98.77, declining 0.36 percent from 99.13 at the previous close. The dollar was undermined by the recent escalation in tensions between the White House and the Federal Reserve. During the day, the index traded between 98.71 and 99.01.
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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.