Gold prices rose more than 2% in Asian trading on Friday, supported by a slightly softer U.S. dollar and easing geopolitical tensions after Donald Trump signaled progress in talks with Iran.

Spot gold was last up 2.1% at $4,467.32 per ounce by 02:41 ET (06:41 GMT), while U.S. Gold Futures rose 1.1% to $4,457.6/oz.

Gold declined nearly 3% in the previous session, and was set to fall 0.5% for the week.

Trump vows to pause Iran energy attacks

President Trump said on Thursday he would pause attacks on Iran’s energy infrastructure for 10 days at Tehran’s request and added that negotiations were “going very well.”

The temporary halt in hostilities reduced immediate safe-haven demand but also weighed on the dollar, lending support to bullion, which typically moves inversely to the greenback.

The US Dollar Index edged down 0.1% after three days of gains.

Gold markets have been highly volatile in recent weeks, as the ongoing Middle East conflict disrupted traditional safe-haven dynamics.

A sharp spike in oil prices earlier this month, triggered by supply disruptions from the Iran conflict, has fueled concerns over global inflation.

Higher energy costs could keep inflation elevated and reinforce expectations that central banks will maintain interest rates at higher levels for longer.

Silver, platinum prices jump

Oil prices ticked lower on Friday and were set for a weekly loss amid de-escalation talks.

However, lingering uncertainty over the conflict’s trajectory and conflicting signals around efforts to end the war kept investors on edge.

Among other precious metals, silver prices climbed 2.6% to $68.75 per ounce, while platinum jumped 3.5% to $1,901.60/oz.

Benchmark Copper Futures on the London Metal Exchange rose 1% to $12,254.95 a ton, while U.S.Copper Futures gained 1.1% to $5.53 a pound.