Gold ticks higher amid uncertainty over Iran ceasefire finalization
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MG News | May 29, 2026 at 10:46 AM GMT+05:00
May 29, 2026 (MLN): Gold prices ticked up on Friday
as markets grappled with uncertainty surrounding a reported U.S.-Iran ceasefire
deal, while persistent inflation concerns and the prospect of elevated American
interest rates continued to underpin demand for the safe-haven metal.
Currently, spot gold is slightly up 1.2% to $4,506.72 an ounce as of [10:44 am] PST, according to data reported by Mettis Global.
The two sides USA and Iran had reached an understanding on
Thursday to both extend the ceasefire and lift restrictions on tanker movements
through the strait. However, U.S. President Donald Trump had yet to sign off on
the arrangement, and Iranian state media cautioned that no final agreement had
been reached, according to Reuters.
Oil prices dropped on Friday, putting crude on course
for its sharpest weekly loss
Among other precious metals, spot silver edged up 0.1% to
$75.67 per ounce and palladium rose 0.4% to $1,373.14, both poised for weekly
gains. Platinum lagged behind, falling 0.4% to $1,915.53 and on course to close
the week in the red.
Copyright Mettis
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 173,962.82 313.69M | 1.30% 2237.52 |
| ALLSHR | 104,178.62 550.40M | 0.93% 964.13 |
| KSE30 | 52,166.33 164.58M | 1.26% 649.19 |
| KMI30 | 250,496.48 141.11M | 1.59% 3930.77 |
| KMIALLSHR | 67,844.06 318.73M | 1.20% 801.29 |
| BKTi | 47,430.11 44.68M | 0.28% 130.40 |
| OGTi | 36,386.96 9.01M | 0.13% 45.59 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 73,060.00 | 74,150.00 73,015.00 | -560.00 -0.76% |
| BRENT CRUDE | 91.60 | 92.95 90.46 | -1.10 -1.19% |
| RICHARDS BAY COAL MONTHLY | 110.00 | 0.00 0.00 | -8.25 -6.98% |
| ROTTERDAM COAL MONTHLY | 112.85 | 0.00 0.00 | -0.05 -0.04% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 88.16 | 89.02 86.71 | -0.74 -0.83% |
| SUGAR #11 WORLD | 14.15 | 14.35 13.90 | 0.22 1.58% |
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