Gold Prices Rise as Global Dollar Stabilizes

Gold prices rose on Wednesday as concerns regarding worsening inflation and the continued rise of interest rates eased.

According to Bloomberg News, spot gold increased by 0.9% to reach $4,755.11 per ounce.اضافة اعلان

U.S. gold futures for June delivery also rose, climbing 1.1% to $4,772.90.

As for other precious metals:

Spot silver rose 1.5% to reach $77.84 per ounce.

Platinum increased by 1.5% to reach $2,067.25.

Palladium climbed 1.8% to reach $1,560.31.

Meanwhile, the U.S. Dollar remained stable during early Asian trading today. U.S. President Donald Trump's announcement regarding the extension of the ceasefire with Iran led to an increase in demand for the currency as a safe haven, pushing it to its highest level in a week.