Gold ticked higher on Friday but was on track for its second weekly loss, driven by pressure from a stronger dollar and shifting Fed rate cut expectations.
Spot gold edged up by 0.2 percent to $5,087.75 an ounce as the dollar and oil paused their advance. U.S. gold futures, however, were down 0.6 percent at $5,094.54.
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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.