Doha: Gold prices rose more than 1% on Monday, supported by a weaker dollar and lower oil prices, amid hopes for progress in peace talks between the United States and Iran: Spot gold climbed 1.4% to $4,570.88 per ounce. According to Qatar News Agency, US gold futures for June delivery rose 1.1% to $4,572.90 per ounce. The rise in gold prices reflects market optimism driven by the potential easing of geopolitical tensions, which often influences the strength of the dollar and commodity prices. Among other precious metals, spot silver jumped 3.9% to $78.42 per ounce. Platinum rose 1.9% to $1,959.85 per ounce, and palladium gained 1.9% to $1,373.25 per ounce. The increase in these metals indicates a broader trend of rising precious metal prices amid the fluctuating dollar value and ongoing international discussions.
