Gold Rises After Trump's Statements, Exceeds $5,180

Gold prices rose following statements by US President Donald Trump suggesting a possible end to the war in the Middle East, which led to a drop in oil prices.

The precious metal increased by up to 0.9%, exceeding $5,180 per ounce. Trump stated that the conflict would be resolved "very soon," while a dollar index fell by up to 0.1%.

Any indication that the White House is ready to end the war with Iran could reduce some of the pressures that have affected gold's trajectory.