On Wednesday, gold prices increased by 0.6%, reaching $4,739.94 per ounce, following a one-week low in the previous session. This rise was attributed to the U.S. extending a ceasefire with Iran, which helped alleviate inflation concerns and resulted in lower oil prices. U.S. President Donald Trump announced the indefinite extension of the ceasefire just hours before it was set to expire, although it remains uncertain if Iran or Israel will agree to this extension. The announcement positively impacted stock markets and weakened the dollar. Additionally, U.S. retail sales showed unexpected growth in March, driven by rising gasoline prices due to the Iran conflict and tax refunds boosting consumer spending. Meanwhile, gold exports from Switzerland rose by 30% month-on-month, with significant shipments to Britain and an 18% increase in supplies to China. Other precious metals also saw price increases, with spot silver rising 1% to $77.47 per ounce and platinum gaining 0.8% to $2,052.99.