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Gold rises to 4743 dollars amid dollar and Middle East news

Gold rose to 4,743.50 dollars as the dollar weakened and Middle East tensions persisted. Markets are now awaiting U.S. inflation data for policy cues.

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The price of Gold trended upward on Thursday as a softening dollar provided support for the precious metal. Investors are currently balancing a fragile geopolitical landscape in the Middle East against upcoming economic data from the United States. Spot prices climbed 0.6% to reach $4,743.50 per ounce, nearing multi-week highs as market participants sought safety amid ongoing uncertainty.

One-ounce gold bullion bars lie ready for stamping during production at ABC Refinery in Sydney, Australia, October 13, 2025. REUTERS/Hollie Adams
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