Extending gains for the fourth consecutive session, gold prices have edged higher on Friday as investors wait to see Iran's response to the U.S. proposal to halt the war and reopen the Strait of Hormuz.
Front Month Comex Gold for June month delivery has climbed by $18.10 (or 0.38%) to $4,729.00 per troy ounce.
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.