June Gold futures posted their best single-session performance in eight weeks, climbing over 3% to close near intraday highs. The rally was driven by intensifying safe-haven demand as the ongoing conflict involving Iran continues to elevate recession risks. With WTI Crude Oil futures surging more than 52% since late February, inflation concerns are increasingly weighing on consumer and business confidence. Adding further support to precious metals, a pullback in U.S. Treasury yields and a weaker U.S. dollar created a strong tailwind, lowering the opportunity cost of holding non-yielding assets and making gold more attractive to foreign buyers.