Gold prices rise above $2,400 per ounce by month-end

Market overview

Oil prices have already risen due to geopolitical tensions, and Iran’s demands for sanctions relief and reparations are prolonging uncertainty. Safe-haven demand for gold will likely surge if the ceasefire collapses or if new sanctions are announced, pushing prices above $2,400 by May 31, 2026.

price prediction market

Implied probability (Yes)

60%

Source: user-generated

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