Gold price, silver rate today: How will gold, silver move on Thursday?

Gold prices held steady on Thursday, as fears of oil-driven inflation and higher global interest rates were offset by optimism around a potential U.S.-Iran peace deal. Spot gold was unchanged at $4,543.96 per ounce. Bullion gained more than 1 per cent on Wednesday after falling to its lowest level since ‌March 30 earlier ⁠in ⁠the day. U.S. gold futures for June delivery gained 0.2 per cent to $4,545.50. Spot silver was steady at $75.96 per ounce, platinum lost 0.2 per cent to $1,947.37, and palladium fell 0.1 per cent to $1,368.75.

U.S. President Donald ​Trump on Wednesday said negotiations with Iran were in the final stages but ​warned of further attacks unless Iran agreed to a deal, adding that Washington could wait a few days to "get the right answers."

​Iran warned against renewed attacks. "If aggression against Iran ⁠is repeated, ‌the promised regional war will extend beyond the ​region this ​time," the Revolutionary Guards said in a statement.


U.S. ⁠Treasury yields and oil prices fell as hopes increased that the U.S. is nearing a ​deal with Iran to end the war in the Middle East, while major stock indexes rose.

Minutes of the Federal Reserve's April meeting showed a majority of Fed policymakers felt "some policy firming would likely become appropriate" if inflation stays persistently above the central ‌bank's 2 per cent target.

Fed officials also noted that a steady jobless rate and two months of stronger-than-expected job creation ​indicate the ​employment market remains ⁠resilient and is not in need of lower interest rates to prop it up.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said ​its holdings fell 0.2 per cent to 1,041.74 metric tons on Tuesday.