Gold price today moved higher as a weaker dollar and easing US Treasury yields boosted demand for the safe-haven asset in early trade.
Spot gold climbed 0.9 percent to $4,830.82 per ounce as of 04:55 GMT, while US gold futures for June delivery rose 0.6 percent to $4,853.40, reflecting improved investor appetite for bullion.
The uptick comes as the US dollar softened, making gold more attractive for holders of other currencies. At the same time, lower Treasury yields reduced the opportunity cost of holding non-yielding assets such as gold, further supporting prices.
The move also aligns with broader market positioning, where investors are balancing geopolitical risks and monetary policy expectations. Gold typically benefits in such environments, acting as a hedge against uncertainty and currency volatility.
Other precious metals also advanced alongside gold. Silver gained 2 percent to $80.61 per ounce, while platinum rose 1.6 percent to $2,143.08. Palladium followed the trend, climbing 1.4 percent to $1,592.84.
The broad-based rally across metals indicates renewed interest in commodities, supported by macroeconomic factors and shifting investor sentiment.
Market participants are now closely watching upcoming economic data and central bank signals, which could influence the trajectory of the dollar and yields, key drivers for gold prices in the near term.
