Mubasher: Gold prices rose on Thursday, reaching their highest levels in a month, coinciding with a decline in the dollar ahead of jobs data and amid a decline in risk asset trades.

By 9:13 am GMT, gold added 0.32% to $1.295.50 per ounce, while spot gold grew 0.47% to $1293.23 per ounce.

The precious metal had closed Wednesday at a rise, its fifth in a row, with analysts forecasting that it will record a 1% increase in December as well as an overall 12% gain for the whole of 2017.

In the meantime, gold’s gains coincided with a drop in the US dollar, whose index shed 0.35% to 92.698.

Data for US jobless claims as well as the country’s trade balance as scheduled for later in the day.