Gold rose 3% due to de-escalation in the Middle East

Prices for precious metals showed an increase against the background of positive signals related to the process of peaceful settlement of the conflict in the Middle East. This was confirmed on May 6 by data from the Comex trading platform.

As of 18:18 Moscow time, June gold futures on the stock exchange rose by 3.1% and reached $4,710 per ounce.

At the same time, the price of silver increased by 5.9%, to $77.91 per ounce, while platinum added 4.5%, rising to $2,064 per ounce.

Iran has squeezed gold: why the precious metal has collapsed in price

It has become one of the most affected assets due to the war in the Middle East.

At the end of April, it was reported that the price of gold futures for delivery in June 2026 on the Comex exchange on April 29 fell below $4,550 per troy ounce for the first time since March 30 this year. At that time, gold was at $4,547.5 per ounce, which is 1.32% lower than previous values.