Gold prices saw a modest increase of 0.3%, reaching $4,699.87 per ounce, driven by a weaker dollar as investors turn their attention to the upcoming talks between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing. The dollar's decline has made gold more accessible for holders of other currencies. Amid escalating inflation concerns, particularly influenced by the ongoing conflict in the Middle East, the U.S. Senate has confirmed Kevin Warsh as the new chair of the Federal Reserve. This leadership change comes as the central bank faces challenges in managing inflation, which has surged due to rising costs of goods and services. In India, gold discounts have widened significantly to over $200 an ounce, a result of increased prices following an import duty hike, further straining demand in the market. Additionally, other precious metals saw mixed movements, with spot silver dropping 0.4% to $87.64 per ounce, while platinum and palladium experienced slight gains.