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Silver outperforms gold to test $80 as US-Iran talks drive metals volatility - Kitco PM Report
Spot gold prices were firmer and spot silver prices were sharply higher late Thursday, with traders balancing softer U.S. labor data against rising Treasury yields, oil volatility and another round of headlines tied to the Strait of Hormuz. At the time of writing, spot gold was trading near $4,700.60 an ounce, up 0.23%, while spot silver was trading near $79.230, up 2.59% on the session. Initial unemployment claims rose to 200,000 in the week ended May 2, up 10,000 from the prior week’s revised 190,000. The four-week moving average fell to 203,250, down 4,500 from the prior week’s revised average. Separately, ... (full story)
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From msn.com | May 7, 2026
Gold edged higher on Friday and was headed for a weekly gain on easing fears of inflation and higher interest rates as investors remained optimistic about a U.S.-Iran peace deal despite renewed fighting. • Spot gold was up 0.3% at $4,700.80 per ounce, as of 0059 GMT. Bullion has gained 1.9% so far this week. • U.S. gold futures for June delivery were steady ...
From msn.com | May 7, 2026
The rally that propelled gold and silver to record-breaking highs in 2025 could pick up again if a U.S.-Iran peace deal is reached, market watchers told CNBC as prices ticked higher on Thursday. Spot gold jumped 1.2% to $4,750 per ounce early on Thursday, amid hopes that the U.S. and Iran could be nearing a deal to bring the 69-day war to an end. U.S. gold ...
