Doha: Gold rose 1 percent today, supported by hopes for a resolution to the Iranian crisis, which pressured oil markets and eased some inflation concerns, helping push US Treasury yields lower from their recent highs. Spot gold gained 1 percent to $4,699.87 an ounce after prices earlier in the session hit their lowest level in more than seven weeks. US gold futures for June delivery also rose 0.4 percent to $4,529.30.

According to Qatar News Agency, among other precious metals, spot silver climbed 3.5 percent to $76.42 an ounce, platinum rose 1 percent to $1,942.30, and palladium advanced 0.9 percent to $1,365.12. The market movements reflect a broader trend influenced by geopolitical factors and economic indicators, which have become focal points for investors navigating the current economic landscape.