Muscat: Spot gold held firm at $4,688.16 an ounce after surging nearly 3 percent in the previous session, marking its highest level since April 27. Analysts said investor sentiment remained cautious amid uncertainty surrounding diplomatic negotiations between the United States and Iran.
Meanwhile, U.S. gold futures for June delivery edged up 0.1 percent to $4,696.60, reflecting continued demand for safe-haven assets despite signs of easing geopolitical tensions.
Among other precious metals, silver slipped 0.2 percent to $77.16 an ounce in spot trading. Platinum inched higher by 0.1 percent to $2,062.50, while palladium declined 0.3 percent to $1,533.25.
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