Gold futures on the COMEX division of the New York Mercantile Exchange rose over 1 percent on Tuesday, mostly on a sizable decline in the U.S. dollar and jitters about a potential trade war.
The most active gold contract for April delivery added 15.3 U.S. dollars, or 1.16 percent, to close at 1,335.2 dollars per ounce.
Gold futures gained initially last week as the threat of a global trade war in the wake of U.S. President Donald Trump's plans for steel and aluminum tariffs and potential retaliation dragged the greenback lower.
The U.S. dollar index, which measures the greenback against six rivals, went down 0.6 percent to 89.50 as of 1900 GMT.
Gold and the dollar typically move in opposite directions, which means if the dollar goes down, gold futures will rise.
As for other precious metals, silver for May delivery surged 37.2 cents, or 2.27 percent, to settle at 16.784 dollars per ounce. Platinum for April went up 8.5 dollars, or 0.88 percent, to close at 970.6 dollars per ounce.
The most active gold contract for April delivery added 15.3 U.S. dollars, or 1.16 percent, to close at 1,335.2 dollars per ounce.
Gold futures gained initially last week as the threat of a global trade war in the wake of U.S. President Donald Trump's plans for steel and aluminum tariffs and potential retaliation dragged the greenback lower.
The U.S. dollar index, which measures the greenback against six rivals, went down 0.6 percent to 89.50 as of 1900 GMT.
Gold and the dollar typically move in opposite directions, which means if the dollar goes down, gold futures will rise.
As for other precious metals, silver for May delivery surged 37.2 cents, or 2.27 percent, to settle at 16.784 dollars per ounce. Platinum for April went up 8.5 dollars, or 0.88 percent, to close at 970.6 dollars per ounce.
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