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New York, March 25 (QNA) – Gold prices rose more than 2 percent during Wednesday’s trading, supported by a weaker dollar.
The decline in oil prices helped ease concerns related to rising inflation and tightening global interest rates, amid reports of a US move to end the war in the Middle East.
Spot gold rose 2.1 percent to $4,571.02 per ounce.
US gold futures for April delivery also climbed 3.8 percent to $4,570.30.
As for other precious metals, spot silver rose 3.8 percent to $73.94, platinum climbed 2.6 percent to $1,984.05, and palladium rose 1.5 percent to $1,461.75. (QNA)
