Precious metals have been trading well over the past few days, but yesterday saw a 1.4% decline in gold due to news that Iran is eager to begin nuclear talks with the US and is working to defuse tensions with Israel, provided Washington refrains from joining the Israeli attacks.

Gold surged beyond $3400 (around Rs 100,000), hitting its highest level as investors sought refuge from growing economic uncertainties and geopolitical concerns.

While weaker-than-expected US consumer inflation data supported speculations of Federal Reserve rate reduction, rising US-Iran tensions rekindled demand for safe-haven assets, causing gold and silver to trade near Rs 98,000 and Rs 106,000, respectively.

Prices of gold and silver are stabilizing in a range as market players stay quiet and demand for safe-haven assets is reduced by the US-China trade talks progress.

Silver prices surged close to $37 (~Rs 107,000), hovering at their best levels in over 13 years due to robust demand for safe-haven assets amid trade and economic uncertainty worldwide.

Following confirmation of the US economic downturn by ISM and ADP statistics, gold has recovered from its low. According to US economic data, the economy is cooling, which may require the Fed to take additional action.

While the dollar increased, gold prices saw some profit-booking despite a prediction of declining U.S. GDP due to the nation’s international tariff disputes.

Investors’ reactions to rising trade and geopolitical tensions caused gold to jump nearly 3% and silver to rise 5%.

Gold stabilizes in a range as a court decision overturns Trump’s tariffs, increasing risk appetite and depressing the greenback.

Gold prices saw losses of almost 2%, dropping below $3300, as investors applauded US President Donald Trump’s decision to postpone imposing tariffs on goods from the European Union.

Gold saw profit-booking as safe-haven purchasing eased after U.S. President Donald Trump announced he would postpone his intention to put 50% tariffs on imports from the European Union from June to July.

Amidst persistent concerns about the growing U.S. deficit, gold is still trading at about $3300 thanks to the dollar’s decline, which usually increases the precious metal’s allure as a safe-haven.