Gold prices were sharply higher on Thursday, and the dollar index was subdued amid optimism over a potential U.S.-Iran peace deal and easing concerns about inflationary pressures.
Spot gold surged nearly 1 percent to $4,735.74 an ounce while U.S. gold futures for June delivery were up more than 1 percent at $4,742.64.
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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.