Gold prices rose, today, Tuesday, after heavy sales in the previous two sessions, and stimulated demand for the yellow metal, which is considered a safe haven, halting the dollar's gains, but fears Raising interest rates earlier than expected to curb its rise.
The price of gold in the spot market rose 0.4% to $ 1734.58 an ounce by 05:23 GMT, while it rose in futures trading in the United States by 0.6% to 1736 dollars.
Gold fell more than 4% in the last two sessions after US jobs data beat expectations, reinforcing speculation of an early curtailment of the Federal Reserve's measures to support the economy.
Investors will be paying attention to US consumer price inflation data, which is due to be released on Wednesday.
Gold is considered a hedge against inflation, but the Fed's raising of the interest rate weakens its attractiveness because it increases the opportunity cost of holding the yellow metal, which does not generate returns.
The stability of the dollar index allowed gold to catch its breath, the index achieved strong gains over the past two days and the strength of the dollar increases the cost of gold to holders of other currencies.
For other precious metals, silver gained 0.8% to $23.62 an ounce, after falling to an 8-month low, on Monday.
Platinum prices rose 1% to $989.65, and palladium rose 0.7% to $2618.71.
