Gold futures on the COMEX division of the New York Mercantile Exchange continued to rise on Tuesday as U.S. dollar fell amid geopolitical concerns.
The most active gold contract for December delivery went up 8.80 dollars, or 0.68 percent, to close at 1,293.80 dollars per ounce.
The U.S. dollar index, a measure of the greenback against a basket of other major currencies, edged lower for three consecutive sessions, down 0.56 percent to 93.20 as of 1717 GMT.
A weak dollar makes buying the precious metal less expensive for foreign investors using other currencies, thus usually pushes up gold futures.
Geopolitical concerns over the future of Catalan region in Spain, tensions between Washington and Pyongyang, also supported gold prices.
The Dow Jones Industrial Average rebounded on Tuesday, up 0.22 percent to 22,811.17 as of 1727 GMT, limiting the rise of gold futures.
As for other precious metals, silver for December delivery went up 23.6 cents, or 0.68 percent, to close at 17.207 dollars per ounce. Platinum for next January rose 18.30 dollars, or 1.99 percent, to settle at 936.50 dollars per ounce.
The most active gold contract for December delivery went up 8.80 dollars, or 0.68 percent, to close at 1,293.80 dollars per ounce.
The U.S. dollar index, a measure of the greenback against a basket of other major currencies, edged lower for three consecutive sessions, down 0.56 percent to 93.20 as of 1717 GMT.
A weak dollar makes buying the precious metal less expensive for foreign investors using other currencies, thus usually pushes up gold futures.
Geopolitical concerns over the future of Catalan region in Spain, tensions between Washington and Pyongyang, also supported gold prices.
The Dow Jones Industrial Average rebounded on Tuesday, up 0.22 percent to 22,811.17 as of 1727 GMT, limiting the rise of gold futures.
As for other precious metals, silver for December delivery went up 23.6 cents, or 0.68 percent, to close at 17.207 dollars per ounce. Platinum for next January rose 18.30 dollars, or 1.99 percent, to settle at 936.50 dollars per ounce.
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