Gold prices jumped today, Tuesday, to their highest level in 6 months, in thin trading, with the market's attention shifting to the minutes of the latest monetary policy meeting of the US Federal Reserve, due to be released this week.
The minutes of the Federal Reserve's December monetary policy meeting are due to be released next Wednesday, which could provide guidance on the bank's tightening path.
And gold rose in spot contracts 0.8% to $ 1838.69 an ounce at 2:57 GMT today, and gold futures contracts in the United States increased 1% to $ 1843.9, according to Reuters.
The dollar index fell 0.1%, making gold priced in the greenback more attractive to overseas buyers.
Gold is considered a hedge against inflation and economic uncertainties, but high interest rates increase the opportunity cost of owning gold because it does not generate interest.
