Gold futures rose in Asian trading on Wednesday. On the COMEX, a division of the New York Mercantile Exchange, the April contract traded at $5,207.31 per troy ounce, up approximately 0.60% by the time the data was released.

Throughout the session, prices rose to intraday highs, remaining near multi-week peaks. The nearest technical support for gold is located at $4,971.50 per ounce, while resistance is forming near $5,257.30.

The weakening of the US dollar provided additional support for the precious metal. The USD index futures, which reflect the dollar's performance against a basket of six major currencies, fell 0.13% to 97.64.

Among other metals, silver for March delivery rose 2.40% to $89.61 per ounce. The May copper contract also gained 0.67%, reaching $6.00 per pound, indicating continued demand for commodities amid currency market fluctuations.