Gold prices have edged lower on Friday as the ongoing Strait of Hormuz blockade renewed oil supply and inflationary concerns shadowing the cooling provided by the two-week U.S.-Iran ceasefire.
Front Month Comex Gold for June month delivery has moved down by $28.90 (or 0.60%) to $4,789.10 per troy ounce.
Front Month Comex Silver for June month delivery has crept up by $0.036 (or 0.05%) to $76.763 per troy ounce.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.