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18 April 2024

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Gold gains on softer dollar; Iran-US talks in focus

26-02-2026 10:02 AM


Ammon News - Gold prices edged higher on Thursday, boosted by a softer dollar and safe-haven demand amid uncertainty over U.S. tariff policy and U.S.-Iran talks.

Spot gold was up 0.5% at $5,195.99 per ounce, as of 0639 GMT. Bullion had hit a more than three-week high on Tuesday.

U.S. gold futures for April delivery were down 0.2% at $5,213.50.

The dollar began the day on the back foot, as better-than-expected earnings from Nvidia boosted investor confidence, while markets awaited details of the latest U.S. tariffs on imports.

A softer greenback makes dollar-denominated gold cheaper for holders of other currencies.

Spot silver edged 0.1% higher to $89.48 per ounce, after climbing to a three-week high on Wednesday.

Spot platinum added 0.8% at $2,305.20 per ounce, while palladium lost 0.1% to $1,793.84. Both metals hit three-week highs in the previous session.

Reuters




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