
Samia al - Faqi
Gold prices rose by more than 2 per cent on Wednesday after United States President Donald Trump pointed out that a peace agreement could be reached with Iran, resulting in a reduction in dollar and crude oil, while fears of inflation decreased.
Gold prices today, 6 May 2026:
24 caliber records 796 pounds.
21 caliber records Pound6970.
18 caliber records Pound5974.
Gold fairy 55760 pounds.
The world gold ounce price rose today by 2.4% to achieve the highest level per week at $467 per week, after the opening of today ' s deliberations at the level of $452 per ounce, currently at the level of $466 per ounce according to the Gold-Pilion analysis.
The gold experienced a rise for the second consecutive day after recovering from its lowest levels more than a month ago, so that today it can penetrate the level of $450 for the ounce, and if it succeeds to stay above this level, it will open the way for further ups in the next meetings.
The United States President stated on Tuesday that he would temporarily suspend the process of escorting ships across the Harms Strait known as the draft war, noting the progress made towards a comprehensive agreement with Iran.
Also, United States Secretary of State Marco Rubio told journalists on Tuesday that the epic anger operation is over, adding that we do not wish for any further escalation.
Markets interacted with this calming situation in the Middle East significantly, with the price of crude oil falling to $110 per barrel after trading near $120 per barrel over the past days.
Decreased crude oil prices have contributed to the calming of inflation forecasts, which is positive for gold prices, because inflation forecasts drive central banks to tighten monetary policy and keep interest rates high, which is negative for gold that does not provide a return to its holder.






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