New York: Gold prices rose for the third consecutive session to their highest level in a week today, Wednesday, driven by the weakness of the dollar and the escalation of tensions between Russia and Ukraine, which boosted demand for safe-haven assets.

According to Yemen News Agency, spot gold rose 0.19 percent to $2,636.62 per ounce, the highest level since November 11. Gold futures in the United States increased by 0.88 percent to $2,639.80 per ounce.

The rise of the US dollar stopped after it recorded its highest level in a year last week, making gold more attractive to buyers holding other currencies. This halt in the dollar’s ascent has contributed significantly to the increased attractiveness of gold.

Among other precious metals, spot silver remained steady at $31.22 an ounce, platinum experienced a slight rise of 0.1 percent to $975.10, and palladium held steady at $1,035.43.