Gold prices climbed on Wednesday, driven by a softer dollar and easing bond yields on expectations of a de-escalation in the U.S.-Iran conflict.
Spot gold jumped a little over 2 percent to $4,565.18 an ounce while U.S. gold futures were up 3.6 percent at $4,595.67.
The dollar index dipped on improved risk sentiment while oil prices plunged more than 5 percent after U.S. President Donald Trump said the U.S. and Iran were "in negotiations right now" and they "want to make a deal so badly".
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.