2018-11-13
Gold prices rose on Tuesday as investors tended to capture deals after the precious metal fell to its lowest level in more than a month under a strong dollar.
 
At 0746 GMT the spot price of gold was up 0.2 percent at $ 1202.57 an ounce. Prices fell to their lowest level since October 11 at $ 1199.72 earlier in the session.
 
US gold futures settled at $ 1203.8 an ounce.
 
"We have not seen this level for a while, so we're seeing some buying," said Ronald Long, chief trader at Hong Kong's Lee Cheong Gold Trading.
 
"But, the strong dollar put a ceiling on the market."
The dollar index, which measures the strength of the greenback against a basket of six major currencies, is hovering near a 16-month high of 97.69 on Monday.
 
Silver rose 0.6 percent in spot trade to $ 14.04 a troy ounce after touching the lowest price in more than two months at $ 13.95 earlier in the session.
 
Palladium rose 0.8 percent to $ 1104.70 an ounce, while platinum rose 0.6 percent to $ 845.60 an ounce.