Reversing the gains from Friday's session, gold prices have slumped on Monday as inflation concerns resurface while a fresh standoff arose between the U.S. and Iran in the ongoing Strait of Hormuz crisis.
Front Month Comex Gold for June month delivery has slumped by $112.20 (or 2.42%) to $4,532.30 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.