Gold prices rose on Wednesday, nearing their highest levels in almost two weeks, supported by a weaker US dollar and growing expectations of easing geopolitical tensions following remarks by Donald Trump.
Spot gold climbed to $4,678.36 per ounce after reaching $4,723.21 during the session, its highest level since March 20, while US gold futures for April delivery rose to $4,713.40.
The decline in the US dollar made gold less expensive for holders of other currencies, supporting demand for the precious metal.
Market sentiment was also influenced by signals pointing to potential de-escalation, contributing to broader stability across assets.
Despite the gains, gold remains affected by losses recorded in March, when it fell by more than 11 percent, marking its steepest monthly decline since October 2008.