Gold spot price held at $4,711 per ounce while futures slipped 0.3% to $4,725.94 amid a steady dollar.
Iran proposed reopening the Strait of Hormuz, postponing nuclear talks, sparking hopes of de‑escalation but oil prices rose sharply.
Markets await Fed meeting, expected to keep rates unchanged; Chair Jerome Powell’s term ends May 15, with Kevin Warsh likely successor.
Silver stayed flat at $75.70/oz and platinum rose 0.5% to $2,023.54/oz, indicating limited movement in precious metals.