International gold prices witnessed a slight increase by 0.2% in spot trading on Thursday, in light of the decline in the US dollar.

The price of the yellow metal during today's trading reached about $1806.12 an ounce, rising by about 0.5% from the beginning of this week.

US gold futures rose 0.3% to $1,807.10.

On the other hand, early trading in Asia saw global stocks continue to rally while the dollar eased as concerns about the impact of the omicron waned and markets welcomed strong economic data in the US United.

The dollar orbit near its lowest level in a week against rival currencies that involve greater risks, making gold cheaper for holders of currencies other than the US currency.

For other precious metals, silver rose 0.4% to $22.87 an ounce, and platinum rose 0.5% to $969.50, while palladium declined by 1.5% to reach $22.87. 1854.02 dollars.