Doha: Gold gained for a fifth consecutive session on Wednesday, as investors awaited monetary policy data from the Federal Reserve (US central bank). Spot gold was up 0.3% at $4,341.12 per ounce, trading near a one-week high hit on Monday. US gold futures for August delivery rose 0.2% to $4,361.10.

According to Qatar News Agency, other precious metals also extended gains, with spot silver rising 0.3% to $70.38 per ounce. Meanwhile, platinum rose 0.5% to $1,812.80, and palladium was up 0.3% at $1,355.65.

Investors are closely monitoring updates from the Federal Reserve, as market sentiments are influenced by anticipated changes in US monetary policy. The recent rise in gold prices reflects cautious optimism among investors.