Gold edged higher today, supported by a softer dollar and safe-haven demand. Key events include US-Iran nuclear talks in Geneva and upcoming US jobless claims data. Silver, platinum, and palladium reached three-week highs on Wednesday amid geopolitical tensions and tariff uncertainty.

Spot gold rose 0.5% to $5,195.99 per ounce early Thursday after reaching a three-week high on Tuesday, while US April gold futures dipped 0.2% to $5,213.50. Silver, platinum, and palladium hit three-week peaks on Wednesday, driven by safe-haven buying; platinum reached around $2,307 per ounce, and palladium $1,828, amid supply concerns and tariff risks. Analysts noted re-pricing due to policy uncertainty and a subdued US dollar.

A softer US dollar boosted non-yielding metals like gold. Geopolitical risks from US-Iran nuclear talks in Geneva, focused on uranium enrichment, heightened safe-haven demand, with increased US military presence adding tension. Uncertainty over US tariff policies under President Trump, following court rulings and potential hikes to 15%, fueled volatility across precious metals.

Precious metals face upside from ongoing tariff fog and Middle East tensions, though stronger US data could cap gains. Investors eye jobless claims for Fed rate clues amid elevated prices: gold up 77% yearly, platinum 135%. Indian jewellery markets, sensitive to global trends, may see volatility in silver at Rs.285/gram.