Gold prices rise by nearly one percent

Prices of Goldto nearly one percent amid declining expectations that the Federal Reserve (the US central bank) will raise interest rates this year.

And it rose Gold in spot transactions rose 0.8% to $4,338.86 per ounce, touching Pricesare at their highest levels since June 5 in the previous session.

US gold futures for August delivery increased 0.1% to $4,354.4 at the close.

As for other precious metals, silver rose in spot transactions 0.3%, recording $70.22 per ounce, and platinum increased 2.8%, recording $1,816.65, and palladium rose 0.7%, recording $1,358.06.