Spot gold edged up 0.2% to $4,632.46/oz on 1 May 2026, ending two months of declines.
Gold fell about 1% in April after a near‑12% March slump, driven by inflation fears from the Iran‑Ukraine war.
Central banks (Fed, ECB, BoE, BoJ) signaled possible near‑term rate hikes as oil prices rose on war‑induced supply disruptions.
Spot silver rose 0.9% to $74.43/oz while platinum slipped 0.2% to $1,986.60/oz; trading volumes were muted due to Asian holidays.