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
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.