Extending gains from yesterday's session, gold prices have soared on Wednesday after U.S. President Donald Trump announced that great progress was being made in the ongoing U.S.-Iran negotiations to end mutual hostilities.
Front Month Comex Gold for June month delivery has surged by $125.20 (or 2.74%) to $4,693.70 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.