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Hawkish FOMC Pressures Gold; Buyers Defend $4,500 Support
Yahoo Finance· 2026-05-02 03:33
Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets — and may continue to in the future. So, what kind of week has it been? Here's what you need to know: Gold will close near $4,625 on Friday after rebounding from a Wednesday break below $4,550 that briefly threatened the major $4,500/oz psychological suppo ...