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Gold edges higher on safe-haven demand

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Gold edges higher on safe-haven demand

Gold prices edged higher in global commodity markets.

Axar.az reports that June gold futures on COMEX rose by 0.33% (or $15) to $4,548.30 per ounce, while spot gold gained 0.36% (or $16.23) to reach $4,538.14.

Platinum also advanced, climbing 1.41% (or $27.39) to $1,974.11. Meanwhile, June silver futures slipped 0.19% (or $0.14) to $73.39.

Analysts say the gains in gold and platinum are driven by stronger demand for safe-haven assets amid rising risks, while silver’s decline is seen as a technical correction.
Date
2026.05.05 / 11:54
Author
Axar.az
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