Spot gold rose 2.3% to $4,811.66 per ounce by 2344 GMT, building on a 1.2% increase in the previous session, while US gold futures for June delivery advanced 3.3% to $4,840.20.
Donald Trump said Washington had agreed to pause attacks for two weeks and had received a 10-point proposal from Iran, which he described as a viable starting point for negotiations. His remarks came after earlier warnings that Tehran must reopen the Strait of Hormuz or face potential retaliation from the United States.