Gold prices climb over 1% after recent declines

Gold prices rose by more than 1% during today's trading, recovering some of their losses after falling to a one-week low in the previous session.

US gold futures for December delivery increased by 1.8% to reach $1,180 per ounce.

Among other precious metals, silver gained 1.1% to $56.26 per ounce, platinum rose 0.3% to $1,611.15, and palladium advanced 1.3% to $1,107.83 per ounce.