New York, April 01 (QNA) - Gold prices continued their upward trend for the fourth consecutive session on Wednesday, as the dollar weakened amid renewed cautious hopes for a de-escalation of the Middle East conflict.

The price of gold in spot trading rose 2.5 percent to $4,784.22 per ounce, after earlier reaching its highest level since March 19.

US gold futures for April delivery rose 2.9 percent to $4,813.10.

As for other precious metals, silver rose 1.2 percent to $76.03 per ounce, platinum gained 1.6 percent to $1,979.30, and palladium advanced 1.3 percent to $1,495.95. (QNA)