Rebounding from yesterday's slump, gold prices have moved higher on Tuesday as "Project Freedom" moves to day number two, reinforcing expectations of smooth oil and energy transit across the Strait of Hormuz, which weighed on oil prices and supported the yellow metal.
Front Month Comex Gold for June month delivery has edged higher by $37.3 (or 0.82%) to $4,570.60 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.