Gold prices rose to a two-week high on Thursday, as the dollar slipped amid doubts about the pace of US interest rate increases.
According to Reuters, gold surged 0.1 percent to $ 1226.70 an ounce late in the session. In Wednesday's session, precious metals prices hit their highest level since November 7 at $ 1230.07. US gold contracts settled at $ 1228 an ounce.
The Federal Reserve is widely expected to raise interest rates for the fourth time this year in December, but investors have concerns about the number of interest rate increases that the US central bank could impose next year without risking a slowdown in the domestic economy.
The dollar index, which measures the value of the greenback against a basket of six major currencies, fell 0.2 percent.
Markets are awaiting US President Donald Trump's meeting with his Chinese counterpart Xi Jinbig at the G20 summit in Argentina next week.
Among other precious metals, silver fell 0.2 percent to $ 14.46 an ounce to hover around a two-week high of the previous session.
Platinum and palladium rose 0.4 percent to $ 843.70 and $ 1153 an ounce respectively.
