Gold prices were subdued on Wednesday as investors braced for key U.S. CPI data due later in the day that could help reshape expectations for Federal Reserve policy. Spot gold was little changed at $5,193.85 an ounce while U.S. gold futures were down 0.8 percent at $5,202.76.
Investors positioned themselves for key U.S. inflation readings that could influence Fed policy expectations.
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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.