Spot gold fell 0.2% to $4,613.77/oz and futures 0.1% to $4,626.75/oz in choppy session on May 1, 2026.
April gold prices dropped ~1% after a near‑12% March slump, pressured by rising inflation expectations from the Iran war.
Central banks (Fed, ECB, BoE, BoJ) signaled near‑term rate hikes, raising opportunity cost for non‑yielding assets like gold.
Silver rose 2.2% to $75.35/oz, platinum up 0.3% to $2,000.30/oz, while oil price volatility persisted amid US‑Iran tensions.