Gold prices advance 0.86 percent to $4,688.51 amid hopes for regional de-escalation, softer U.S. dollar

Gold plunged more than 11 percent in March, its steepest monthly drop since October 2008

Gold prices marginally increased on Wednesday, sustained by a softer dollar as U.S. President Donald Trump remarked that the conflict with Iran could subside within two to three weeks.

Spot gold climbed 1.10 percent to $4,699.77 per ounce by 10:02 UAE time. U.S. gold contracts for April delivery rose 0.96 percent to $4,723.35.