{"id":9569,"date":"2026-05-07T09:57:43","date_gmt":"2026-05-07T09:57:43","guid":{"rendered":"https:\/\/otetmarkets.com\/blog\/uncategorized\/gold-rises-on-weaker-dollar-2\/"},"modified":"2026-05-07T09:57:44","modified_gmt":"2026-05-07T09:57:44","slug":"gold-rises-on-weaker-dollar-2","status":"publish","type":"post","link":"https:\/\/otetmarkets.com\/blog\/news\/gold-market-news\/gold-rises-on-weaker-dollar-2\/","title":{"rendered":"Gold Gains as Dollar Softens, Middle East Tension Eases"},"content":{"rendered":"<h2>Gold Extends Rally After Sharp Previous Session Gains<\/h2>\n<p>Spot gold rose 0.4% to $4,707.31 an ounce by 22:21 ET (02:21 GMT) on Thursday in Asian trading, while U.S. Gold Futures for June delivery also gained 0.4% to $4,713.86. This move followed a 2.9% jump on Wednesday, the metal\u2019s largest daily advance since late March.<\/p>\n<p>The mid-week surge in gold came as oil prices fell sharply on expectations that tensions in the Middle East could ease. Market sentiment improved after Axios reported that the White House was nearing a memorandum of understanding with Iran aimed at ending the conflict. Iran stated it was reviewing the proposal, and U.S. President Donald Trump said he believed Tehran wanted an agreement.<\/p>\n<p>The prospect of lower energy prices helped temper fears of a prolonged inflation shock. This in turn weighed on U.S. Treasury yields and the dollar, increasing the relative appeal of non-yielding bullion.<\/p>\n<h2>Weaker Dollar, Oil Moves and Fed Outlook in Focus<\/h2>\n<p>The dollar index slipped 0.1% in Asian hours on Thursday after a 0.4% decline overnight, bringing it close to pre-war levels. The softer dollar lent additional support to gold prices by making the metal less expensive for holders of other currencies.<\/p>\n<p>Oil prices had plunged more than 7% on Wednesday following reports of progress in U.S.-Iran negotiations. Crude prices steadied on Thursday as investors awaited further clarity on the talks, which remain a key factor for energy markets and inflation expectations.<\/p>\n<p>Market participants are now focused on Friday\u2019s U.S. non-farm payrolls report for signals on the Federal Reserve\u2019s interest-rate path. Recent comments from Fed officials have underscored concerns that the Middle East conflict could still fuel inflation and disrupt supply chains, keeping upcoming economic data in sharp focus.<\/p>\n<p>Among other precious metals, silver rose 0.7% to $77.85 per ounce, while platinum traded flat at $2,065.17 per ounce.<\/p>\n<h2>FAQ<\/h2>\n<p><strong>Why did gold prices rise in Asian trading on Thursday?<\/strong><br \/>Gold prices rose due to a combination of a weaker dollar, lower U.S. Treasury yields, and reduced inflation concerns linked to a sharp fall in oil prices and signs of easing Middle East tensions.<\/p>\n<p><strong>What recent development in the Middle East affected gold and oil markets?<\/strong><br \/>Market sentiment improved after reports that the White House was nearing a memorandum of understanding with Iran aimed at ending the conflict, leading to a steep drop in oil prices and supporting gold.<\/p>\n<p><strong>Which key economic event are investors watching next?<\/strong><br \/>Investors are awaiting Friday\u2019s U.S. non-farm payrolls report for further indications on the Federal Reserve\u2019s future interest-rate decisions.<\/p>\n<p><strong>How did other precious metals perform?<\/strong><br \/>Silver prices increased 0.7% to $77.85 per ounce, while platinum was unchanged at $2,065.17 per ounce.<\/p>\n<p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Why did gold prices rise in Asian trading on Thursday?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Gold prices rose due to a combination of a weaker dollar, lower U.S. Treasury yields, and reduced inflation concerns linked to a sharp fall in oil prices and signs of easing Middle East tensions.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What recent development in the Middle East affected gold and oil markets?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Market sentiment improved after reports that the White House was nearing a memorandum of understanding with Iran aimed at ending the conflict, leading to a steep drop in oil prices and supporting gold.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Which key economic event are investors watching next?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Investors are awaiting Friday\u2019s U.S. non-farm payrolls report for further indications on the Federal Reserve\u2019s future interest-rate decisions.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"How did other precious metals perform?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Silver prices increased 0.7% to $77.85 per ounce, while platinum was unchanged at $2,065.17 per ounce.\"\n      }\n    }\n  ]\n}\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold Extends Rally After Sharp Previous Session Gains Spot gold rose 0.4% to $4,707.31 an ounce by 22:21 ET (02:21 GMT) on Thursday in Asian trading, while U.S. Gold Futures for June delivery also gained 0.4% to $4,713.86. This move followed a 2.9% jump on Wednesday, the metal\u2019s largest daily advance since late March. The [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":9568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-market-news"],"_links":{"self":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/9569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=9569"}],"version-history":[{"count":1,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/9569\/revisions"}],"predecessor-version":[{"id":9570,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/9569\/revisions\/9570"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media\/9568"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=9569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=9569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=9569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}