Ethereum leads gains as precious metals weaken in Wednesday trading

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Ethereum outpaced other major assets on Wednesday, climbing ▲ 1.92% to $2,491.24 in the day's strongest performance. Bitcoin also advanced, gaining ▲ 0.36% to $78,801.00, though precious metals showed weakness as gold declined ▼ 0.28% to $4,625.70.

Cryptocurrencies

Ethereum extended gains throughout the session, trading between $2,488.47 and $2,508.98. Bitcoin remained relatively stable despite its modest advance, moving within a narrow band between $78,607.00 and $79,099.00.

Precious metals

Gold traded between $4,602.30 and $4,665.60, ending the period slightly lower. Silver bucked the broader precious metals weakness, posting a 0.81% gain to reach $69.16, with the metal moving between $68.63 and $69.75.

Currency markets

The dollar remained flat against Gulf currencies, with USD/QAR holding at 3.6400, USD/SAR at 3.7500, and USD/AED at 3.6725. Major currency pairs edged higher: USD/EUR rose ▲ 0.21% to 0.8578, while USD/GBP gained ▲ 0.22% to 0.7351.