10:57 - 2.06.2026

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June 2, Fineko/abc.az. Gold prices recovered from recent losses on Tuesday, adding almost 1%, as markets remained uncertain about the status of negotiations between the U.S. and Iran.

ABC.AZ informs that the precious metal plummeted yesterday after reports surfaced that Iran had suspended peace talks with the U.S. in response to increased Israeli military action against Lebanon.

This event has caused increased fears of a protracted war in the Middle East.

Spot gold rose 0.9% up to $4,524.51 per ounce as of 09:43 on Baku time and gold futures grew by 1.1% up to $4,553.70 per ounce.