Partially offsetting the sharp decline from yesterday's session, gold prices have edged higher on Thursday as optimism on a resolution to the Middle East crisis increased after Israel and Lebanon consented to a ceasefire. In addition, both the U.S. and Iran confirmed that mutual talks to end the war were continuing without a break.
Front Month Comex Gold for August month delivery has climbed by $36.10 (or 0.81%) to $4,503.00 per troy ounce.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.