02:00 PM EDT, 10/03/2024 (MT Newswires) -- (Updates prices)

Gold prices rose by midafternoon on Thursday, supported by safe-haven buying even as the dollar and yields climbed.

Gold for December delivery was last seen down US$10.200 to US$2,679.90 per ounce

The rise comes as safe-haven buying as Iran's missile attack on Israel on Tuesday raises worries over a spreading Middle Eastern war, as Israel and the United States discuss retaliation for the strike.

The dollar rose, with the ICE dollar index last seen up 0.21 points to 101.89.

Treasury yields were also higher, raising the carrying cost of owning gold. The U.S. two-year note was last seen paying 3.699%, up 4.5 basis points, while the yield on the 10-year note as up 4.7 points to 3.835%.