Gold continues its gains in the face of the dollar’s decline

Gold rose today for the fifth session in a row, as optimism regarding the agreement between the United States and Iran led to a decline in expectations for raising US interest rates, while investors await more details about the agreement and the monetary policy meeting of the Federal Reserve (the US central bank).

Gold rose in instant transactions 0.3 percent to $4,341.12 per ounce, by 02:30 GMT, trading near the highest level in a week that it recorded on Monday.

US gold futures for August delivery rose 0.2 percent to $4,361.10.

Other precious metals also continued their gains, as silver rose in spot transactions 0.3 percent to $70.38 per ounce, platinum increased 0.5 percent to $1,812.80, and palladium rose 0.3 percent to $1,355.65.