
Gold prices rose by more than 1%, supported by a weaker dollar and lower oil prices, as investors assess the chances of a breakthrough in peace negotiations between the United States and Iran. Spot gold climbed 1.1% to $4,560.09 per ounce. U.S. gold futures for June delivery rose 0.9% to $ per ounce.
The dollar fell, making the dollar-denominated precious metal cheaper for holders of other currencies.
As for other precious metals, spot silver rose 3.1% to $77.81 per ounce. Platinum gained 2.1% to $1,963.30 per ounce. Palladium increased 2.4% to $1,381.82 per ounce.
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