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Gold steady as markets focus on potential US-Iran peace deal
Gold prices held largely steady near a one-week high on Thursday as investors remained on the sidelines awaiting further details on a potential U.S.-Iran peace deal. Fundamentals Spot gold was unchanged at $4,688.16 per ounce, as of 0059 GMT, after rising about 3% on Wednesday to its highest level since April 27.US gold futures for June delivery rose 0.1% to $4,696.60. Iran said on Wednesday it was reviewing a US peace proposal that sources said would formally end the war while leaving unresolved the key US demands that Iran suspend its nuclear programme and reopen the Strait of Hormuz. Stocks surged to fresh ... (full story)
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From goldsilver.com|May 6, 2026Gold is trading near $4,700 today — evidence that gold is decoupling from geopolitics in real time. It held Wednesday’s 3% peace deal rally even after Axios reported that US ...
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- May 7, 2026 12:10am Posted byFundamental Analysis4,667
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