Declining for the third consecutive session, gold prices have tumbled on Friday as traders parse the claims made by U.S. President Donald Trump that Iran would surrender soon compared to the assertive hard stance taken by Iran's new leadership yesterday in the ongoing gulf war.
Front Month Comex Gold for April delivery has slumped by $73.8 (or 1.44%) to $5,052.0 per troy ounce.
Front Month Comex Silver for April delivery has plunged by $4.629 (or 5.46%) to $80.185 per troy ounce.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.