"Commodity" The US dollar weakens, gold prices rise for the fourth consecutive time, increasing by over 2%
Traders are focusing on the Middle East war and its impact on global monetary policy, coupled with a weakening dollar, leading gold prices to rise for the fourth consecutive trading day on Wednesday, approaching a two-week high.
Spot gold recently rose by $116 or 2.5% to $4,784 per ounce, reaching a peak not seen since March 19 during the session. April gold futures rose by $126 or 2.7% to $4,774 per ounce.
May silver prices increased by 1.1% to $75.8 per ounce.
May copper prices rose by 0.5% to $5.6 per pound.
July platinum prices increased by 0.8% to $1,985 per ounce.
June palladium prices rose by 0.6% to $1,497 per ounce
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