Gold steadied after its biggest daily advance since end-March, as hopes of a US-Iran deal sent oil prices plunging and eased inflation concerns.

Bullion traded at around $4,670 an ounce, after adding 3% on Wednesday. Silver was near $77.50, after jumping 6.2%. Falling energy prices weighed on bond yields while the dollar traded at pre-war levels, a positive for gold that’s priced in the greenback.