Gold Rebounds Slightly From Recent Lows as Hormuz Tensions Escalate
Yahoo Finance·2026-05-05 18:16
gold chunks ©iHub Gold prices moved modestly higher on Tuesday, recovering after falling to a five-week low in the previous session. However, gains remained limited as rising oil prices continued to cloud the outlook for interest rates. By 05:59 ET (09:59 GMT), spot gold was up 0.7% at $4,556.35 per ounce, while gold futures also increased 0.7% to $4,566.35 per ounce. The metal had dropped more than 2% in the prior session, marking its weakest level since late March. Conflict Keeps Pressure on Markets ...