Gold Rises as the Dollar Declines

Gold prices have surged by more than one percent today, buoyed by a weaker dollar and falling oil prices. Investors are assessing the potential progress in peace negotiations between the United States and Iran.

Gold in the spot market climbed 1.4 percent to $4570.88 per ounce. Meanwhile, U.S. gold futures for June delivery advanced 1.1 percent to $4572.90 per ounce.

As for other precious metals, silver in the spot market soared 3.9 percent to $78.42 per ounce. Platinum rose 1.9 percent to $1959.85 per ounce. Additionally, palladium increased by 1.9 percent to $1373.25 per ounce.