Gold prices surged by 2.56% on Wednesday, reaching $4590 per ounce during Asian trading.
The increase comes as oil prices declined, easing concerns about rising inflation.
Market sentiment was also influenced by US President Donald Trump’s remarks about Iran’s seriousness in talks.
The US dollar index fell by 0.17%, supporting gold’s upward movement.
Despite the rise, gold remains about 17% below its January 2026 peak.
The trend reflects ongoing volatility in global markets.
