Gold prices maintained their stability near their highest levels in a week today, Thursday (May 7, 2026), as investors monitored developments regarding a potential peace agreement between the United States and Iran, reinforcing a state of caution in global markets.
According to Reuters data, spot gold stabilized at $4,688.16 per ounce, after rising approximately 3% in Wednesday's session, marking its highest level since April 27.
US gold futures for June delivery also rose by 0.1% to reach $4,696.60 per ounce.
Iran announced on Wednesday that it is studying an American peace proposal that would formally end the war, though major issues remain unresolved, including Iran's nuclear program and the reopening of the Strait of Hormuz.
In other precious metals markets, silver declined by 0.2% to $77.16 per ounce, while platinum rose 0.1% to $2,062.50, and palladium fell 0.3% to $1,533.25.
