Gold steady as markets focus on potential US-Iran peace deal

Gold prices held largely steady near a one-week high on Thursday as investors remained on the sidelines awaiting further details on a ​potential U.S.-Iran peace deal. Fundamentals Spot gold was unchanged at $4,688.16 per ‌ounce, as of 0059 GMT, after rising about 3% on Wednesday to its highest level since April 27. US gold futures for June delivery rose 0.1% to $4,696.60. Iran said on Wednesday it was reviewing a US peace proposal that ​sources said would formally end the war while leaving unresolved ⁠the key US demands that Iran suspend its nuclear programme and ​reopen the Strait of Hormuz.