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Gold Price Decline 5-6-2026
Gold prices declined today, Friday, June 5, 2026, heading towards a weekly loss due to diminished hopes of reaching a peace agreement between the United States and Iran amid heightened tensions in the Middle East. The spot price per ounce was recorded at $4,462.22, with US gold futures for August delivery falling by 0.4% to $4,489. Additionally, other precious metals also decreased: silver dropped 0.6% to $73.45, platinum declined 1.3% to $1,876.58, and palladium fell 1.5% to $1,301.25, with all of them on track for a weekly decline.
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