Gold rises for fifth straight session near one-week high

Spot gold climbed to $4,341.12 per ounce early Wednesday, with silver, platinum, and palladium all moving higher.

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Gold extended its winning streak to five sessions on Wednesday, with spot prices up 0.3 per cent at $4,341.12 per ounce near a one-week high. Silver, platinum, and palladium all advanced alongside it.

Key points

  • Spot gold rose 0.3% to $4,341.12 per ounce Wednesday morning
  • US August gold futures climbed 0.2% to $4,361.10
  • Silver, platinum, and palladium all posted gains

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Gold extended its winning streak to five consecutive sessions on Wednesday, with spot prices up 0.3 per cent at $4,341.12 per ounce as of 0230 GMT, holding close to the one-week high reached on Monday.

US gold futures for August delivery added 0.2 per cent to $4,361.10.

The broader precious metals complex moved in the same direction. Spot silver gained 0.3 per cent to $70.38 per ounce, platinum rose 0.5 per cent to $1,812.80, and palladium edged up 0.3 per cent to $1,355.65.