Gold hits one-week high on weaker dollar

Doha, Qatar: Gold prices rose on Wednesday to their highest levels in a week as the dollar weakened and investors sought safety amid US fiscal uncerta...

Doha, Qatar: Gold prices rose on Wednesday to their highest levels in a week as the dollar weakened and investors sought safety amid US fiscal uncertainty, with Congress debating a sweeping tax bill.

Spot Gold was up 0.2% at $3,293.98 an ounce, after hitting its highest level since May 12 earlier in the session.

US Gold futures gained 0.3% to $3,295.80.

The dollar retreated to its lowest level since May 8, making greenback-priced Gold cheaper for overseas currency holders. 

Spot silver fell 0.2% to $32.99 an ounce, platinum was down 0.3% at $1,050.25, and palladium gained 0.5% to $1,017.93, its highest level since February 4, 2025.