Baku:Gold prices have surged nearly 2 percent, reaching a two-week high on Thursday. Spot gold increased by 1.9 percent to $4,134.83 per ounce by 0316 GMT, marking its highest level since October 22nd. On Wednesday, bullion experienced a significant rise of about 3.4 percent, the largest daily gain since August 19th.

According to Emirates News Agency, US gold futures for December delivery also saw an increase, climbing 1.8 percent to $4,144.20.

In addition to gold, other metals experienced gains as well. Spot silver rose by 1.7 percent to $53.12 per ounce, platinum increased by 2.1 percent to $1,527.65, and palladium climbed 2.6 percent to $1,030.14.