Gold steady on weaker dollar after Trump pauses planned Iran attack

Gold held steady on Tuesday as the dollar weakened and crude oil prices fell after U.S. President Donald Trump paused a ​planned attack against Iran, easing concerns about inflation and prolonged ‌high interest rates. Fundamentals Spot gold was steady at $4,565.40 per ounce, as of 0103 GMT, after hitting its lowest level since March 30 in the previous session. US gold futures for June delivery gained 0.2% to $4,567.90. The dollar ​fell, making greenback-priced bullion more affordable for holders of ⁠other currencies. US President Donald Trump said on Monday he had paused ​a planned attack against Iran to allow for negotiations to take place ​on a deal to end the US-Israeli war, after Iran sent a new peace proposal to Washington.