June Gold futures fell as 10-Year yields capped gains.

June Gold futures turned lower for the 2nd consecutive session and the 8th time in 10 days, finishing near the session lows down 0.5% after an initial rally to 4,583.30. Despite a downward move in global interest rates, U.S. Treasury yields remained high enough to maintain a firm ceiling on non-yielding assets, extending a pressure pattern observed since early March. Concurrently, diplomatic progress regarding a potential U.S.-Iran deal has begun to alleviate pressure on WTI Crude Oil futures and ease broader inflation anxieties. This shifting geopolitical landscape has dismantled some of the safe-haven fear premium that historically provided a floor for the gold market. With mixed peace headlines keeping market participants cautious, both bulls and bears appear content to remain on the sidelines, leaving gold minimally changed with a slight downside bias.