Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
Gold prices rose to a two-month high on Thursday morning, moving closer to $1,800 threshold due to weakening in the US dollar and falling US Treasury yields.
Spot gold was trading at $1,792.68 per ounce by 9.15am UAE time, up by $13.71 an ounce or 0.77 per cent.
In Dubai, 24K gold was trading at Dh217 per gram in retail on Thursday morning, up from Dh215.75 on Wednesday morning.
Similarly, the other variants of the precious metal also rose with 21K gaining Dh1.25 to Dh204 per gram on Thursday morning.
While 21K and 18K gold prices in Dubai were pegged at Dh194.5 and Dh166.75, respectively.
"What's obviously underpinning the upswing (in gold) is that dynamic in US Treasuries... which is sort of pushing lower in the very short term," said IG Market analyst Kyle Rodda, adding that a drop below 1.5 per cent in yields could help push gold above $1,800 levels.
An improvement in market sentiment overnight and its knock-on effects on the dollar helped gold jump back again and test the top of its recent ranges, Rodda said.
Benchmark 10-year US Treasury yield was pinned below 1.6 per cent, reducing the opportunity cost of holding a non-yielding bullion.
The dollar index held near multi-week lows against most major currencies.
waheedabbas@khaleejtimes.com
Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
The oil and gas conglomerate and Fifa, the world governing body, sign major sponsorship agreement
Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games
The leaders emphasise that the deal to release the hostages would bring an immediate and prolonged ceasefire in Gaza
Dubai-based Sumit Augustine has had a philosophical approach towards spending
The regional upswing also defies oil production cutbacks