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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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From brecorder.com | May 8, 2026
Dalian iron ore futures gained marginally on Friday, their fifth straight session of rise, as higher steel prices supported the key steelmaking ingredient while expectations of higher shipments weighed. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) traded 0.25% higher at 817 yuan ($120.07) a metric ton, as of 0317 ...
