Gold Holds Near $4,330 on Monday as Israel-Iran Tensions Support, Firmer Dollar Caps Gains

According to Kitco, spot gold was trading near $4,332.20 per ounce, up 0.07%, while spot silver rose 1.31% to $68.725 in early U.S. trading on Monday. Friday's May employment report—showing 172,000 jobs added and unemployment steady at 4.3%—kept rate-cut expectations under pressure, weighing on gold prices. Israel and Iran exchanged fire on Sunday before Iran said it would halt offensive operations. Oil prices briefly spiked on geopolitical concerns but pulled back; Brent crude traded near $94.38 a barrel. Gold received residual support from tensions but remained capped by a stronger U.S. dollar and higher-for-longer rate expectations.
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