Extending the losses from the two previous sessions, gold prices have moved lower on Friday as attacks in the gulf region intensify, stoking broader inflationary concerns, with expectations of a rate cut by the U.S. Federal Reserve in the short-term fading completely.
Front Month Comex Gold for April delivery has slid by $30.10 (or 0.65%) to $4,575.60 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.