India, June 12 -- Gold traded higher on Friday, after having rebounded sharply from a six-month low in the previous session.
Spot gold rose 0.3 percent to $4,223.34 an ounce while U.S. gold futures were up more than 3 percent at $4,244.47.
The dollar found its footing after falling in the previous session. Treasury yields fell further amid easing inflation concerns after U.S. President Donald Trump said a "great settlement" to end the conflict with Iran has been reached, and that a signing ceremony could take place in Europe as early as this weekend, with Vice President JD Vance attending on his behalf.
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