Partly offsetting yesterday's gains, gold prices have edged lower on Wednesday as investors react with cautious optimism to an upcoming second round of U.S.-Iran talks since the U.S.-ordered blockade on Iranian ports holds.
Front Month Comex Gold for June month delivery has inched lower by $24.90 (or 0.51%) to $4,825.20 per troy ounce.
Front Month Comex Silver for June month delivery has slid lower by $0.183 (or 0.23%) to $79.635 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.