May 7, 2026

Daily Morning Analysis Report – Thursday – 07/05/2026

Daily Market Report

➢ Gold (XAU/USD) rose to around $4,700 in early Asian trading. 
➢ Prices hit a one-week high and stayed near recent peaks.
➢ Optimism over a possible US-Iran peace deal supported gold.
➢ President Donald Trump said a deal has a “very good chance” of happening soon.
➢ Reports suggested the US and Iran are close to finalizing an agreement.

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