Gold Rises 1.3 Percent in Spot Trading as Investors React to Recent Losses

Doha: Gold prices rose more than 1 percent on Thursday as investors bought the precious metal to capitalize on its recent losses after it fell to a one-week low. Spot gold climbed 1.3 percent to $4,130.58 an ounce, after dropping to its lowest level since July 1 on Wednesday.According to Qatar News Agency, US gold futures for August delivery also experienced an increase, rising 1.4 percent to $4,140.80 an ounce. Among other precious metals, spot silver jumped 3.4 percent to $60.25 an ounce. Platinum registered a rise of 2.3 percent, reaching $1,615.25, while palladium increased by 3.3 percent to $1,253.25.