Gold prices maintained their gains on Thursday (May 7, 2026) near their highest levels in a full week, amid cautious anticipation by traders in global markets for the latest developments regarding a potential peace agreement between the United States of America and the Islamic Republic of Iran.
According to official figures, the yellow metal stabilized in spot trading at $4,688.16 per ounce, recording a rise of 3% in the previous session, its highest price since last April 27.
US gold futures contracts for June delivery rose by 0.1% to reach $4,696.60 per ounce.
This came after Tehran announced its study of an American peace proposal aimed at formally ending the war, despite the continuation of substantive disputes over the Iranian nuclear file and the issue of reopening the strategic Strait of Hormuz.
In parallel markets, silver fell 0.2% to $77.16, while platinum rose 0.1% to $2,062.50, and palladium declined 0.3% to $1,533.25.
