Gold prices held steady on Tuesday as a halt in hostilities between Israel and Iran boosted hopes that peace negotiations could move forward.
Spot gold was little changed at $4,329.44 an ounce after touching a two-month trough at $4,268.39 on Monday. U.S. gold futures were down 0.3 percent at $4,352.51 an ounce.
Geopolitical tensions eased somewhat as Israel and Iran agreed to halt attacks against each other following a series of mutual attacks from Sunday night, which marked the most serious escalation since the ceasefire in April.
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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.