Singapore, 8 May 2026 – Gold steadied near the US$4,700-an-ounce level as investors weighed shifting signals from the Middle East, where uncertainty over US-Iran tensions continues to shape demand for safe-haven assets.
The precious metal traded around US$4,700 per ounce after rising in the previous session, with markets reacting to competing forces: hopes of a possible diplomatic breakthrough on one side, and concerns that unresolved tensions could still disrupt energy flows and global inflation expectations on the other. Reuters reported spot gold rose 0.3% to US$4,700.98 per ounce, while US gold futures settled 0.4% higher at US$4,710.90 on Thursday.
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