Gold prices traded sharply higher on Thursday, rebounding from a one-month low hit in the previous session as a sharp rise in oil prices to four-year highs fueled inflation concerns.
Sentiment was also shaped by the U.S. Federal Reserve's status-quo decision on interest rates for the third straight meeting.
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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.