Partially offsetting the losses from yesterday's session, gold prices have edged higher on Wednesday as efforts to secure a U.S.-Iran peace agreement gather pace, sending positive signals of an to end the war and the reopening of the Strait of Hormuz.Front Month Comex Gold for June month delivery has inched higher by $25.60 (or 0.57%) to $4,536.80 per troy ounce.Front Month Comex Silver for June m...
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.