Gold prices increased 1.2% to US$1,593 an ounce, around 12:37 AM EST on Wednesday, after rising above 2% to over US$1600 an ounce earlier on news that Iran assured that its strike on US bases in Iraq had concluded, while the US President Donald Trump declared “All is well” and “So far so good!”. Silver prices also rose 1.02% to US$18.58 an ounce, after advancing nearly 2% earlier.