Gold Prices Rise 0.3%

Gold prices edged up on Tuesday on a dollar that was close to hitting its lowest in over a year, while traders waited for retail sales data from the United States to gauge any impact on the U.S. Federal Reserves monetary.

Spot gold rose 0.3% to $1,959.54 per ounce. US gold futures gained 0.4% to $1,963.70.

The dollar wobbled near an over one-year low. A weaker dollar makes gold cheaper for holders of other currencies.

Spot silver rose 0.1% to $24.87 per ounce, platinum was up 0.7% to $982.43 while palladium jumped 1.1% to $1,298.30.

Source: Qatar News Agency