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Gold rises for fifth session amid rate hike expectations
Gold prices continued to rise for the fifth consecutive day as markets awaited the outcomes of the U.S. Federal Reserve meeting and their potential impact on interest rate trends. The spot price of gold increased by 0.3% to reach $4,341.12 per ounce, while August futures rose by 0.2% to $4,361.10. Other precious metals also performed positively, with silver up 0.3% at $70.38, platinum up 0.5% at $1,812.80, and palladium up 0.3% at $1,355.65 per ounce.
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