Gold gains as hopes for diplomatic progress with Iran weigh on markets

Jun 4, 2026, 03:56 GMT+1

Gold prices rose on Thursday as a weaker US dollar and lower oil prices supported demand for the safe-haven metal, while investors assessed growing optimism about a potential diplomatic breakthrough involving Iran, Reuters reported.

Spot gold gained 0.7% to $4,461.09 per ounce by 0218 GMT, while August US gold futures rose 0.5% to $4,487.90.

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