Ammon News - Gold held steady on Wednesday after hitting a two-week high as investors awaited further clarity on reports of de-escalation in the Middle East conflict following U.S. President Donald Trump's statement that the ​war with Iran could wind down in weeks.

Spot gold edged up 0.2% to $4,678.36 ​per ounce by 0507 GMT, having hit its highest level since March ⁠20 at $4,723.21 earlier in the day.

U.S. gold futures for April delivery gained 0.8% to $4,713.40.

Trump said ​Tehran did not have to make a deal as a prerequisite for the conflict to ​wind down and that he would provide an update on Iran in an address at 9 pm EDT on Wednesday (0100 GMT on Thursday).

Gold fell more than ​11% in March in its steepest monthly fall since October 2008 as elevated oil prices fuelled inflation ‌concerns and ⁠bets of a hawkish monetary policy response.

Spot silver fell 1.1% to $74.31 per ounce, platinum gained 0.2% to $1,952 and palladium was ​up 0.2% at $1,478.96.

Reuters