Mubasher: Gold prices continued the upwards trend on Thursday as the US dollar weakened against major currencies amidst uncertainties regarding trade tensions with China.

Strong demand also supported the precious metal after data showed a surge in Indian gold imports in August to its highest level in 15 months.

However, gold remains 12% lower than its peak level in April, as the Federal Reserves is expected to raise interest rates one or two more times this year.

Gold futures for December delivery increased by 0.3% and settled at $1,204.30 per ounce.