Doha: Gold prices rebounded on Thursday from a one-month low hit the day before, supported by a weaker US dollar, despite rising oil prices that kept concerns about inflation and the prospect of higher interest rates for a longer period.

According to Qatar News Agency, spot gold increased by 0.6% to $4,566.73 per ounce, after hitting its lowest level since March 31 in the previous session. Concurrently, US gold futures for June delivery rose by 0.4%, reaching $4,578.50.

In the broader metals market, spot silver climbed by 1% to $72.18 per ounce. Platinum experienced a gain of 1.7%, reaching $1,911, while palladium saw an increase of 0.9%, bringing its price to $1,470.40.