| Gold traded near $4,500 an ounce on Thursday, posting modest gains as ongoing Middle East tensions and uncertainty surrounding US-Iran negotiations continued to support safe-haven demand. While President Trump signaled potential progress in talks with Iran, recent military exchanges involving the US, Iran, Bahrain, and Kuwait kept geopolitical risks firmly in focus. However, gains in bullion remained limited as the dollar index hovered near a two-month high of 99.4, supported by stronger-than-expected US labor market data. The latest ADP report showed private-sector employment rose by 122,000 in May, while JOLTS job openings climbed to their highest level since November 2024. Investors now await Friday's nonfarm payrolls report for further clues on the Federal Reserve's policy path. Meanwhile, MCX gold futures remained below Rs 1,60,000, while silver futures were little changed at Rs 262,779 per kg. Powered by Capital Market - Live News |