Gold spot price held steady at $4,711 per ounce, while futures slipped 0.3% to $4,725.94 amid mixed market sentiment.
Iran proposed reopening the Strait of Hormuz, postponing nuclear talks, sparking hopes of de‑escalation but oil prices rose sharply.
Markets await the Fed’s meeting, expected to keep rates unchanged; Chair Jerome Powell’s term ends May 15, with Kevin Warsh slated as successor.
Dollar firmed on inflation concerns; silver flat at $75.70/oz and platinum up 0.5% to $2,023.54/oz.