Gold prices went up seven days high on Tuesday, sustained by a weaker dollar on moderate economic data from the United states as investors turned to safe place assets on concern over geopolitical tensions.
Spot gold had risen 0.2% to USD 1,255.51 per ounce on US market, while U.S gold futures were risen 0.3% at USD 1,257.9. Spot gold battered its highest since 28 March at USD 1,257.10. Hedge funds together with money managers raised their net long position in Comex gold by 33,179 to 99,150 lots in the week to 28 March, recording the highest in a month.
The U.S. dollar extended overnight losses and was losing 0.3% at 110.58 yen after touching 110.450, its lowest in a week.
Spot silver rose 0.2% to USD 18.27 hitting an over 30 days high of USD 18.31. the price of Platinum went up 0.5% to USE 956.10. It earlier touched seven-days high of USD 960.40.