Gold prices posted moderate gains during European trading hours. Futures for the precious metal, with delivery scheduled for June, rose by 0.2% to reach a level of approximately $4,767 per troy ounce.

Throughout the session, gold traded within a range bounded by support at $4,580 and resistance near $4,888 per ounce. Price movements were driven by a weakening of the U.S. dollar.

The U.S. Dollar Index—which tracks the dollar's value against a basket of major global currencies—declined by approximately 0.17%. A weaker dollar traditionally provides support to the gold market, enhancing its appeal to investors.

The broader metals market exhibited mixed performance. Silver futures rose by more than 1%, while copper, conversely, fell by nearly 1%.

Thus, demand for precious metals remains resilient amidst currency fluctuations and ongoing uncertainty across global markets.