Doha: Gold prices fluctuated on Wednesday, as concerns about inflation and rising interest rates intensified after new US attacks on Iran boosted oil prices and the dollar, ahead of the release of the minutes from the Federal Reserve's June meeting. Spot gold rose 0.5% to $4,125.59 an ounce, after falling to its lowest level since July 2. US gold futures for August delivery fell 0.5% to $4,136.30.

According to Qatar News Agency, the market dynamics were also reflected in other precious metals. Spot silver rose 0.8% to $60.47 an ounce, while platinum fell 0.3% to $1,635.45. Palladium also experienced a decline, dropping 0.6% to $1,268.64. The fluctuations in precious metals prices underscore the ongoing market volatility influenced by geopolitical tensions and economic uncertainties.