Doha: Gold rose on Wednesday, supported by a pullback in the US dollar and bond yields, while investors digested data showing an increase in US consumer prices last month and awaited further clarity on US President Donald Trump's trade policy: Spot gold was up 0.5% at $3,339.88 per ounce. US gold futures edged 0.3% higher to $3,346.70. The dollar index declines from a one-month peak, making gold more attractive for other currency holders.
According to Qatar News Agency, other precious metals also saw movements in the market. Spot silver rose 0.5% to $37.88. Platinum also rose 0.3% to $1,376.75, while palladium fell 0.1% to $1,204.97. Investors are closely monitoring these shifts as they await more information on potential changes in trade policies.