Gold Gains Strongly on Lower Dollar and Oil Prices

Gold prices climbed 2.56% on Wednesday, reaching $4590 per ounce.

The rise coincided with falling oil prices, easing inflation concerns.

A weaker US dollar also boosted gold’s appeal as a safe-haven asset.

The dollar index dropped by 0.17% against major currencies.

Despite the gains, gold is still below its early 2026 peak levels.

Markets are watching geopolitical developments closely.