United States Construction Spending (MoM): -0.2% (February) vs -0.3%

May 7, 2026

United States Construction Spending (MoM) registered at 0.6% above expectations (0.2%) in March

Fed: Higher-for-longer stance weighs on Gold – TD Securities

TD Securities strategist Bart Melek notes that the latest FOMC decision and the Iran-related Oil shock are pushing the Fed toward a neutral or even restrictive bias, delaying any rate cuts.