Spot gold rose 0.7% to $4,555.99/oz and futures to $4,566.11/oz, recovering from a >2% drop previous day.
U.S. announced “Project Freedom” to secure commercial shipping in Strait of Hormuz, with ceasefire still holding despite recent missile exchanges.
ING analysts said higher energy prices boost inflation and Treasury yields, keeping gold under pressure despite easing geopolitical risk.
Silver rose 0.1% to $72.8050/oz and platinum gained 1.2% to $1,985.20/oz amid falling Brent crude but still above pre‑war levels.