Sri Lanka, April 1 -- Gold prices rose on Wednesday to their highest in nearly two weeks, supported by a weaker dollar following U.S. President Donald Trump's statement that the war with Iran could wind down in weeks.

Spot gold rose 1% to $4,717.82 per ounce by 0712 GMT, its highest level since March 20. U.S. gold futures for April delivery gained 1.4% to $4,744.30. The ⁠U.S. dollar fell 0.4%, making bullion more affordable for holders of other currencies. Trump said Tehran did not have to make a deal as a prerequisite for the conflict to wind down and that he would provide an update on Iran in an address at 9 pm EDT on Wednesday (0100 GMT on Thursday).

"Talks that the U.S. might wrap up the war in two to three weeks even if the S...