Gaining ground from the losses incurred in yesterday's session, gold prices have advanced on Wednesday despite the ongoing U.S.-Iran standoff pushing oil prices higher, as expectations of Chinese intervention to end the gulf war increase.Front Month Comex Gold for June month delivery has climbed by $21.80 (or 0.47%) to $4,708.50 per troy ounce.Front Month Comex Silver for June month delivery has c...
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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.