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Gold drives above $4,700 as Iran peace progress weakens U.S. dollar, analysts warn risks remain
Progress on a potential peace agreement between the U.S. and Iran has shifted geopolitically sentiment and breathing new life into gold and silver; however with prices still below key resistance points some analysts warn that the precious metals aren’t out of the woods just yet. Ahead of the North American open, spot gold prices pushed above $4,700 and ounce, up more than 3% on the day. Meanwhile, silver prices are solidly above $77 and ounce, up 6.5% on the day. Analysts said that the precious metals are benefiting from a weaker U.S. dollar, which is trading at a 10-week low after U.S. President Donald Trump ... (full story)
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- May 6, 2026 9:37pm Posted byFundamental Analysis183
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