Mubasher: Gold prices rose on Thursday to its highest level in six months, supported by negative performance by the US dollar against major currencies following the Federal Reserve interest hike.

Gold futures for February delivery went up by $11.50, or 0.9%, to settle at the level of $1,267.90 per ounce, its highest closing since June 25.

The yellow metal has now extended its gains to 3.4% since the beginning of December.