Gold rose by more than two percent on Wednesday, supported by a decline in the dollar. Spot gold increased by 2.1 percent to $4,568.29 per ounce, while U.S. gold futures for April delivery climbed 3.8 percent to $4,569.40.
The dollar’s decline made the greenback-priced metal less expensive for holders of other currencies. Among other precious metals, spot silver rose 3.8 percent to $73.94, platinum increased 2.6 percent to $1,984.05, and palladium rose 1.5 percent to $1,461.75.
