Spot gold gained 1 percent to US$4,092.43 per ounce, while US gold futures climbed 1.5 percent to US$4,149.50 per ounce.
Gold prices rose 1 percent on Tuesday, supported by lower oil prices, which eased inflation concerns and reduced expectations of further increases in US interest rates. File photograph.
New York: Gold prices rose 1 percent on Tuesday, supported by lower oil prices, which eased inflation concerns and reduced expectations of further increases in US interest rates.
Spot gold gained 1 percent to US$4,092.43 per ounce, while US gold futures climbed 1.5 percent to US$4,149.50 per ounce.
Among other precious metals, spot silver rose 2.8 percent to US$59.82 per ounce, while platinum advanced 7.1 percent to US$1,745.42 per ounce. Palladium also gained 7.1 percent to US$1,355.13 per ounce.
Source: Emirates 24|7