Gold prices rose on Thursday, supported by a weaker dollar and escalating tensions in the Middle East. Investors await more U.S. economic data that could provide clues on the Federal Reserve's next steps for interest rates.
Spot gold rose 0.1 percent to $2,026.7 an ounce. U.S. gold futures rose 0.1 percent to $2,036.9 an ounce.
On the other hand, the dollar index extended losses for the fourth consecutive day, increasing the attractiveness of the yellow metal priced in the US currency to overseas buyers.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
