Gold prices have advanced on Friday as concerns of a renewed war-threat in the Middle East decreased following reports of Iran passing a new peace proposal through Pakistan to the U.S. to resolve the ongoing crisis.
Front Month Comex Gold for June month delivery has moved higher by $20.90 (or 0.45%) to $4,650.00 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.