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Gold rises slightly, heads for weekly gains

May 08, 2026 / 12:26 PM
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Sharjah 24 – WAM: The price of gold rose slightly today, Friday, heading towards achieving weekly gains.
1.9% rise since the beginning of the week
Spot gold increased by 0.3% to $4,700.80 per ounce as of 00:59 GMT, recording a 1.9% rise since the beginning of the week so far.
Meanwhile, US gold futures for June delivery remained steady at $4,709.90 per ounce. Silver in spot transactions rose by 0.8% to $79.10 per ounce, platinum increased by 0.5% to $2,032.70, while palladium gained 0.1% to $1,482.50.
May 08, 2026 / 12:26 PM

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