Gold prices retreated from a three-week high on Tuesday as an uptick in the U.S. dollar index prompted traders to book profits at higher levels.
Spot gold fell 1.1 percent to $5,170.15 an ounce while U.S. gold futures were down 0.7 percent at $5,188.24.
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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.