Mubasher: Gold prices increased during Thursday’s trades, coinciding with a declining US dollar, on the back of re-emerging geopolitical potential tensions in the Middle East.

By 10:36 am GMT, gold futures, for June delivery, grew 0.29% to $1,316.80 per ounce, while spot gold levelled up 0.31% to $1,316.74 per ounce.

In the meantime, the US dollar index shed 0.24% to 92.8130.

The precious metal’s rising prices and the falling US dollar were driven by Israel’s announcement that Iranian forces based in Syria launched 20 missiles at its front-line military in the Golan Heights earlier on Thursday.

These performances also precede data pertaining to US unemployment claims and inflation due later in the day.