Gold Prices Rise After Hitting One-Month Low, Gains Limited by Oil

By News Desk on May 5, 2026

Gold Rebounds from Monthly Low as Oil Prices Cap Gains

Singapore: Gold prices rose today, recovering from a more than one-month low recorded in the previous session, while gains were capped by elevated oil prices.

Spot gold increased by 0.5 percent to $4,541.39 per ounce, after declining by more than 2 percent in the previous session to its lowest level since 31 March.

US gold futures for June delivery rose by 0.4 percent to $4,550.70 per ounce.

Among other precious metals, spot silver edged up by 0.4 percent to $73.03 per ounce, platinum gained 1.3 percent to $1,970.85, and palladium rose by 1.2 percent to $1,497.91.

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