Spot gold rose 0.4% to $4,808.42/oz and futures to $4,828.71/oz as the dollar softened on 16 Apr 2026.
Price gains were driven by renewed US‑Iran ceasefire talks, with the fragile ceasefire set to expire on Apr 21.
Silver and platinum also climbed while oil steadied below $100, easing inflation worries and tempering Fed rate‑hike bets.
US President Donald Trump announced upcoming Israel‑Lebanon talks, adding to the geopolitical optimism.