Gold prices climb amid trade tensions on Thursday

Gold prices increased on Thursday due to a declining US dollar and concerns about President Trump’s tariff proposals, which may escalate global trade tensions. Investors also awaited upcoming inflation data.

Spot gold prices increased at 12:45 AM GMT by 0.53 per cent to $2,919.55 per ounce, compared to the previous closing price of $2,904.24.

Meanwhile, US gold futures also rose 0.67 per cent to $2,948.29, compared to Friday’s closing of $2,928.7.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama