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Gold bounces back as Iran hopes lift markets and oil cools but Fed fears linger
Economy
Published on 2 May 2026
Iran talk optimism briefly flips gold gains
Gold stabilized after an early drop, helped by hopes of easing Iran tensions and a softer dollar alongside a cooling oil mood. Still, the metal is set for a weekly decline as markets price a hawkish Federal Reserve. Risks from inflation and persistently high yields are weighing on gains, while silver is outperforming on a stronger demand outlook.
- Gold recovered from sharp early losses
- Iran talk optimism and a softer dollar supported prices
- Fed hawkishness, inflation risks, and high yields capped upside
- Silver outperformed on demand optimism
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times