Reversing the gains from yesterday, gold prices have plunged on Thursday as inflationary concerns drew back investors' attention after the U.S. and Iran hardened their stances.
Front Month Comex Gold for April month delivery has plummeted by $165.50 (or 3.64%) to $4,386.80 per troy ounce.
Front Month Comex Silver for April month delivery has nosedived by $4.785 (or 6.61%) to $67.610 per troy ounce.
As the gulf war enters day number twenty-seven today, Axios reported that the Pentagon is developing military options for "a final blow" on Iran using ground forces and a massive bombing campaign.
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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.