Gold prices have traded little changed on Monday after the U.S. rejected Iran's response to its proposal for ending the gulf war, sending oil prices higher and renewing inflation concerns.
Front Month Comex Gold for June month delivery has ticked lower by $0.20 (or 0.01%) to $4,730.50 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.