-
Gold Hits $4,700 as Investors Cheer Possible US-Iran Peace Deal
Gold prices returned to $4,700 per ounce for the first time in almost a month. The yellow metal has struggled throughout the war in Iran, despite being a safe-haven asset. Investors have been piling into stocks amid the ten-week-old conflict, leaving precious metals trending sideways over the last couple of weeks. June gold futures surged $132.30, or 2.9%, to $4,700.60 per ounce at 18:45 GMT on Wednesday on the COMEX division of the New York Mercantile Exchange. Gold prices have slumped almost 6% in the last three months, but remain up 9% year-to-date. Silver, the sister commodity to gold, surpassed $77 midweek. July ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From boj.or.jp|May 6, 2026tables
From @FirstSquawk|May 6, 2026|15 commentsTrump Says Iran Issue Will Be Resolved “Very Quickly”
From think.ing.com|May 6, 2026Another waiting game was initiated on Wednesday by the US. Apparently it's for "48 hours". So we'll be none the wiser as we progress through Thursday. The immediate soundings are ...
-
- Newer Stories
From finance.yahoo.com|May 6, 2026Chicago Federal Reserve president Austan Goolsbee cautioned Wednesday that amid expectations for an AI-led boom, if massive business investment and consumer spending occur before ...
From abs.gov.au|May 6, 2026The seasonally adjusted balance on goods decreased $6,867m in March. • The March month balance on goods is a seasonally adjusted deficit of $1,841m, the first deficit since ...
From kitco.com|May 6, 2026The gold market is seeing some renewed momentum, with prices testing new resistance at $4,700 an ounce. While it still has some way to go to regain key price levels, one ...
- Story Stats
- May 6, 2026 7:27pm Posted byFundamental Analysis147
- Instruments:
