Silver and platinum are also moving higher in today's trading session.
The gold markets rose in early trading on Wednesday, as rates in the USA have dropped a bit. With the idea of the war possibly ending, energy shocks will continue to be a worry.
Gold extends recovery as Oil prices pull back on US-Iran ceasefire hopes
Gold: Recovery helped by softer Dollar – ING
Gold (XAU/USD) holds the $4,544 Fibonacci level as ceasefire hopes clash with a hawkish Fed. Will the 0.382 retracement spark a breakout to $4,677?
As we see over the chart, Gold managed to hit a rebound toward 4602 so far. Gold is still facing the chance for another drop swing toward 4100 or 4385.
Gold price rebounds as value buyers step in near the 200-day MA, but a bear market shift keeps sell-the-rally strategy in focus for traders.
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Philippines Gold price today: Gold rises, according to FXStreet data
United Arab Emirates Gold price today: Gold rises, according to FXStreet data
Pakistan Gold price today: Gold rises, according to FXStreet data
India Gold price today: Gold rises, according to FXStreet data