Gold prices have surged on Friday after Iran reopened the Strait of Hormuz fully until April 22. This development eased oil prices, and with inflationary pressure reducing, the U.S. dollar weakened, pushing yellow metal prices higher.
Front Month Comex Gold for June month delivery has climbed sharply by $77.20 (or 1.61%) to $4,885.50 per troy ounce.
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Market Analysis
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.