Spot gold climbed 1.3 percent to reach $4,130.58 per ounce, rebounding from Wednesday's slump, which had marked its lowest price point since July 1. Following this upward trend, US gold futures for August delivery also saw a 1.4 percent increase, settling at $4,140.80 an ounce.

Other precious metals experienced strong gains during the trading session as well. Spot silver led the rally with a 3.4 percent jump to $60.25 an ounce. Meanwhile, platinum advanced 2.3 percent to $1,615.25, and palladium climbed 3.3 percent to close at $1,253.25.