Gold gains amid profit corrections
Gold prices rose significantly, increasing by 0.72% to $4,385 per ounce, supported by inflation data that dampened expectations of a U.S. interest rate hike in September. This came despite investors' attempts to take profits after the price reached its highest level in over two months. At the same time, other precious metals also gained, with silver rising by 0.65% to $64.80 per ounce, platinum increasing by 1% to $1,700.60, and palladium edging up by 0.3% to $1,303.25.
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