Gold Rises Above 2 Percent In Spot Trading

RunWithRugs · 2026-04-03T05:11:04+00:00

Gold prices have risen for the fourth straight day due to a weakening dollar and cautious optimism about de-escalation in the Middle East conflict, reaching new highs in spot trading and futures. Other precious metals also saw gains.

RunWithRugs

2026-04-03 05:11:04

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(MENAFN- The Peninsula) QNA

New York: Gold prices continued their upward trend for the fourth consecutive session on Wednesday, as the dollar weakened amid renewed cautious hopes for a de-escalation of the Middle East conflict.

The price of gold in spot trading rose 2.5 percent to $4,784.22 per ounce, after earlier reaching its highest level since March 19.

US gold futures for April delivery rose 2.9 percent to $4,813.10.

As for other precious metals, silver rose 1.2 percent to $76.03 per ounce, platinum gained 1.6 percent to $1,979.30, and palladium advanced 1.3 percent to $1,495.95.

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