Gold prices rose on Wednesday, with the US Treasury bond yield falling, and ahead of the Federal Reserve's minutes later today, July 7.
The yield on 10-year US Treasury bonds fell to its lowest level in four months on July 6, in light of the easing of concerns about tightening monetary policy.
Spot gold rose 0.4% to reach $1,804.67 per ounce, and gold futures contracts for August rose 0.5% to reach $1,802.30 per ounce, by 09:30am Makkah time.
Elsewhere, silver rose 1% to $26.45 per ounce, palladium gained 0.1% to hit $2,800 per ounce, and platinum increased 0.2% to $1,097.18 per ounce.
The US dollar index - which measures the performance of the US currency against a basket of six currencies – settled at 92.523 points.
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