New york: Gold prices held steady on Thursday, as fears of oil-driven inflation and higher global interest rates were offset by optimism around a potential US-Iran peace deal. Spot gold was unchanged at $4,543.96 per ounce.

According to Qatar News Agency, bullion gained more than 1% on Wednesday after falling to its lowest level earlier in the day. US gold futures for June delivery saw a slight increase of 0.2%, reaching $4,545.50.

In related commodities, spot silver remained steady at $75.96 per ounce. Meanwhile, platinum experienced a minor decline of 0.2%, settling at $1,947.37, and palladium decreased by 0.1% to $1,368.75 per ounce.