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Gold on track for weekly gain; markets focus on US-Iran peace deal prospects
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 at $4,709.90. • The United States and Iran exchanged fire on Thursday in the most serious test yet of their month-long ceasefire, but Iran said the situation returned to normal while the U.S. said it did not want to escalate. • The renewed hostilities ... (full story)
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- May 7, 2026 10:59pm Posted byFundamental Analysis122
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