Gold marks first gain in four sessions

Gold investors also kept an eye on Greece’s deepening crisis and mulled the likelihood of a Federal Reserve interest-rate hike in the coming months.

Gold for August delivery on Comex GCQ5, -0.49%  rose $9.70, or 0.8%, to settle at $1,173.20 an ounce, with the bulk of the gains happening in the last 40 minutes of trading. September silver SIU5, -0.69%  added 19.1 cents, or 1.2%, to $15.753 an ounce.

Tim Evans, chief market strategist at Long Leaf Trading Group, said gold likely found support late in the regular trading session “as the prospect for more aggressive action by the [People’s Bank of China] is circulating, given the recent fallout from Chinese equities.”

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