New York, April 9 (QNA) - Gold prices rose more than 1% on Thursday, supported by a weaker dollar as investors awaited the outcome of the ceasefire between the United States and Iran and US inflation data.

Spot gold climbed 1.7% to $4,796.50 per ounce, after hitting its highest level in nearly three weeks in the previous session.

US gold futures also rose 1% to $4,823.

The dollar index fell, making the precious metal, which is priced in US dollars, less expensive for holders of other currencies.

As for other precious metals, silver rose 2.3 percent to $75.84 an ounce in spot trading, platinum gained 2.6 percent to $2,082.78 and palladium climbed 0.3 percent to $1,559.10.(QNA)