Mubasher: Gold prices recovered from its lowest level in a week and rose on Thursday as the dollar remained stable against major currencies.

The rise in gold prices comes as investors anticipate the development of the trade war between the United States and China, with Beijing lowering its retaliatory tone and saying its does not want a trade conflict with Washington.

The yellow metal futures rose by 0.2% and settled at the level of $1,246.60 per ounce.

Meanwhile, spot gold went up by 0.4% reaching $1,246.71 per ounce by the end of the session.