Extending yesterday's losses, gold prices slumped on Thursday as Iran hardens its stance against U.S.-Israeli forces. With diplomacy off the table, crude oil skyrocketed to expand inflationary pressures, weighing down on the yellow metal.
Front Month Comex Gold for April delivery declined sharply by $49.8 (or 0.96%) to $5,129.30 per troy ounce.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.