Gold prices have soared on Friday, partially offsetting losses from the three previous sessions, as expectations on signing of a U.S.-Iran peace agreement increases following U.S. President Donald Trump's claims.
Front Month Comex Gold for August month delivery has surged by $123.10 (or 2.99%) to $4,237.10 per troy ounce.
Front Month Comex Silver for August month delivery has catapulted by $3.928 (or 6.11%) to $68.175 per troy ounce.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.