Manama: Spot gold prices experienced an increase of 1.1% on Thursday, reaching $4,074.65 per ounce by 0620 GMT. This rise follows the highest level it touched since June 23 in the previous session. Alongside, U.S. gold futures for August delivery showed a slight increase of 0.1%, reaching $4,087. According to Bahrain News Agency, other precious metals also saw gains. Spot silver prices rose by 1.5% to $60.03 per ounce. In addition, platinum prices increased by 2.4% to $1,614.80, and palladium prices climbed by 2.1% to $1,234.89. The changes in the market indicate a trend where investors are showing interest in precious metals, possibly due to various market dynamics. The latest figures highlight a consistent upward movement in precious metals, impacting the market significantly.
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