Gold prices rebounded on Tuesday after the plunge on Monday amidst the spike in crude oil prices. Fresh Hormuz tensions and efforts at securing passage of ships through the pathway had lifted crude oil prices on Monday.
The rebound in gold prices comes amidst a firm dollar and a decline in crude oil prices on Tuesday.
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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.