Gold prices extended gains on Thursday, as safe-haven demand increased following the United States' imposition of new sanctions on Russia and consideration of a plan to expand restrictions on technology exports to China.
December gold futures rose 1.5%, or $58.7, to $4,123.6 per ounce.
Spot gold rose 0.45%, or $18.5, to $4,112.9 per ounce, while silver rose 1.3% to $49.14.
The dollar index, which measures the performance of the US currency against a basket of six major currencies, added about 0.2% to trade at 99.10 as of 2:03 p.m. Mecca time.
Silver futures for December delivery rose 2% to $48.65 per ounce, while spot platinum prices rose 1.15% to $1,640.4, and palladium prices fell 0.15% to $1,446.25.
Investors are awaiting the release of US inflation data on Friday, amid expectations of an acceleration to 3.1% in September from 2.9% in August, as well as the revised reading of the University of Michigan's Consumer Confidence and Inflation Expectations Index
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