Gold was the highest close for more than a week before the minutes of the Fed meeting

Gold prices rose on Thursday, helped by the dollar's decline against most major currencies, ahead of the Fed's minutes.

The last meeting of the Fed is held in June, which raised interest rates for the second time this year. Markets are waiting for the minutes of the meeting to get signals on the pace of rate hikes.

At closing, gold futures for August delivery increased $ 5.30 or 0.4% to $ 1,258.80 per ounce, the highest close in A week.

The dollar index – which measures the performance of the greenback against the basket of major currencies – fell 0.14% to 94.39 points at 20:30 Mecca time