Gold edged higher in early trade after U.S. consumer prices gained in April.
Rising Treasury yields put pressure on precious metals markets.
Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau. Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.
May 11, 2026 Since the Iran war began on February 28, several corners of the financial market have behaved in unusual and unexpected ways, with gold prices being perhaps the most surprising.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Every week, hundreds of millions of dollars in gold bars are flying out of vaults in lower Manhattan and northern New Jersey.
The prolonged conflict in the Middle East is beginning to weigh heavily on global markets, affecting currencies, fuel prices, airlines, and bond markets as investors assess the broader economic implications. From sharp declines in Asian currencies to the collapse of a low-cost US airline, the economic effects of the conflict are spreading across regions and sectors.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Gold demand from the jewellery sector fell by more than 23% in the first quarter of 2026 as surging prices fundamentally altered how engagement rings are designed and bought, according to new research. Gold prices rose 16.2% over the quarter and are now nearly 60% higher than a year ago, creating substantial cost pressures for manufacturers and consumers alike.
Gold fell in early Asian trade on renewed concerns over inflation stemming from a rise in crude oil prices.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.