Gold prices rise amid continued demand for safe assets

Gold prices rose on Thursday morning amid continued demand due to the prospect of the US imposing import duties on other countries, Report informs referring to trading data.

The price of December gold futures on the New York Comex exchange rose by $11.1 from the previous close, or by 0.22%, to $3,444.5 per troy ounce.

September silver futures rose by 0.77% to $38.193 per ounce.

Traders continue to monitor statements by US President Donald Trump on the country's trade policy, as well as on geopolitical events.

On Wednesday, Trump signed an executive order introducing an additional duty of 25% on imports from India for its purchases of oil from Russia.