Gold prices climbed to near $5,150 an ounce as the sixth day of conflict in the Middle East showed no resolution and US inflation data offered some relief. Investors flocked to safe-haven assets following continued US and Israeli strikes on Iran and retaliatory missile attacks across the region, including critical energy infrastructure. President Trump expressed confidence in the military campaign, while Iran dismissed reports of diplomatic outreach. The Bloomberg Dollar Spot Index dipped slightly, reflecting mixed sentiment.

US service sector expansion at its fastest pace since mid-2022 helped ease inflation worries, though concerns over the Middle East conflict persisted. Spot gold rose 0.3% to $5,154.66 an ounce, with silver, platinum, and palladium also gaining ground. The conflict's duration and intensity remain key factors influencing precious metals markets.

The gold price increase underscores investor anxiety over regional instability despite positive economic signals. While the conflict shows no signs of abating, the easing inflation data provides some cushion for risk assets. Gold's resilience suggests ongoing demand for safe-haven investments amid geopolitical uncertainty.