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Gold Rebounds Toward $4,464 on Softer Dollar and Easing Oil

Gold edged higher on June 4 as a softer dollar and retreating oil prices tempered inflation fears and revived optimism over a potential U.S.-Iran deal. The move follows a volatile week in which bullion broke below $4,500 on June 1 amid dollar strength and stalled talks, then eased further to $4,476.50 on June 3 after fresh Middle East hostilities lifted crude and reinforced bets on higher U.S. rates. Markets now balance progress in Vienna negotiations against persistent hawkish Fed signals ahead of U.S. jobs data.

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Gold

Sentiment

Bearish

Event

Market commentary

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