Gold Prices Surge Due to Weaker Dollar

Gold prices rose on Thursday, supported by the decline of the dollar.

By 0242 GMT, spot gold had increased by 0.2 percent to $339.20 per ounce. Meanwhile, U.S. gold futures climbed by 0.3 percent, reaching $3353.10.

As for other precious metals, silver in spot transactions increased by 0.2 percent to $36.36 per ounce. Platinum saw a rise of 2.3 percent, reaching $1385.38, and palladium jumped significantly by 5.5 percent to $1115.58.