Gold prices are roughly flat on Monday following U.S. President Donald Trump's halting of an Israel-Iran re-escalation and his reassurance on an imminent U.S.-Iran peace deal. However, the ongoing delay in reopening of the Strait of Hormuz weighed on gold prices.
Front Month Comex Gold for August month delivery has edge down by $2.50 (or 0.06%) to $4,362.80 per troy ounce.
Front Month Comex Silver for August month delivery has dipped by $0.443 (or 0.64%) to $68.930 per troy ounce.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.