New Delhi, June 17 -- Price of the yellow metal rose on 17 June (Wednesday), amid optimism over a peace deal between the United States and Iran and easing expectations that the US Federal Reserve could hike interest rates while watcher wait for details on the coming policy meet.

Spot gold was up 0.3% at $4,341.12 per ounce, as of 0230 GMT, trading near a one-week high hit, Reuters reported. It added that US gold futures for August delivery rose 0.2% to $4,361.10.

Bloomberg reported that bullion was near $4,335 an ounce, after advancing more than 6% over the past four sessions.

Other precious metals also extended gains, with spot silver rising 0.3% to $70.38 per ounce, platinum rose 0.5% to $1,812.80, and palladium was up 0.3% at $1,355...