Khaberni - Gold prices generally stabilized near their highest level in a week on Thursday; as investors remain cautious awaiting more details about a potential peace deal between the United States and Iran.
Spot gold stabilized at $4688.16 per ounce by 00:59 GMT after rising about 3% on Wednesday to its highest level since April 27.
The US futures contracts for gold delivery in June rose 0.1% to $4696.60.
Iran said on Wednesday that it is considering a US peace proposal mentioned by sources which would officially end the war, but leaves major US demands unresolved, such as Iran's suspension of its nuclear program and the reopening of the Strait of Hormuz.
As for other precious metals, spot silver fell 0.2% to $77.16 per ounce, platinum rose 0.1% to $2062.50 per ounce, and palladium fell 0.3% to $1533.25 per ounce.
