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Gold Prices Climb as Dollar Weakens and Middle East Tensions Show Signs of Easing

Gold Prices Climb as Dollar Weakens and Middle East Tensions Show Signs of Easing

Muscat: Gold prices rose slightly today, reaching their highest level in nearly two weeks, supported by a weaker dollar after US President Donald Trump said the war against Iran could end within two to three weeks. Spot gold rose 0.4% to $4,685.79 per ounce, after hitting its highest level since March 20 at $4,723.21 earlier in the day.

According to Oman News Agency, US gold futures for April delivery rose 0.8% to $4,713.40. Gold had plunged more than 11% in March, marking its biggest monthly drop since October 2008. Among other precious metals, spot silver fell 0.8% to $74.53 an ounce, while platinum rose 0.7% to $1,963.22 and palladium climbed 0.6% to $1,484.84.