Gold Settles Higher For Second Day

Gold prices rose on Thursday, after a brief correction movement on Tuesday, surging by as much as 2.5% after data showed that jobless claims in the United States fell below one million for the first time since March.

However, the yellow metal is yet to restore the $2,000 an ounce level.

Gold futures for December delivery settled higher by $21.40 or 1.1% at $1,970.4 per ounce.

Meanwhile, spot gold is up by around 2%, trading at 1,955 per ounce.