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Gold prices rise over 1 percent
Gold prices rose by more than 1%, with spot transactions increasing by 1.3% to approximately $4,104 per ounce. Futures contracts for August delivery also gained 0.9% to around $4,106. This comes amid geopolitical developments that have alleviated concerns about inflation and sustained high interest rates. Other precious metals also saw gains, with silver rising by 2.7% to $59.74 per ounce, platinum increasing by 2% to $1,619.75, and palladium climbing by 2.3% to $1,271.93.
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