Doha: Gold rebounded on Tuesday from a near one-week low hit the day before, as oil prices fell on hopes of further US-Iran peace talks, easing inflation fears.

According to Qatar News Agency, spot gold was up 0.6% at $4,768.19 per ounce, after hitting its lowest level since April in the previous session. US gold futures for June delivery rose 0.5% to $4,790.70.

Among other metals, spot silver rose 0.9% to $76.27 per ounce, platinum gained 0.1% to $2,071.75, and palladium was up 0.2% at $1,576.23. The movements in metal prices are seen as an indicator of market reactions to fluctuating oil prices, which impact inflation expectations globally.