Doha:Beirut Gold prices saw an increase of nearly 2% on Thursday, reaching their peak in two weeks. This rise was bolstered by a weaker US dollar and a decline in US Treasury yields following the victories of the Democratic Party in the US midterm elections.

According to National news agency - Lebanon, by 0316 GMT, spot gold rose by 1.9% to $4,134.83 per ounce, marking its highest level since October 22. This followed a significant surge of approximately 3.4% on the previous day, Wednesday, which was the largest daily gain recorded since August 19.

In addition, US gold futures for December delivery experienced an increase of 1.8%, climbing to $4,144.20 per ounce.