Gold prices rose on Tuesday, reaching their highest level in a week after comments from Federal Reserve officials suggesting monetary easing bolstered bets on interest rate cuts, amid escalating geopolitical tensions and increased demand for safe-haven assets.
Spot gold prices increased by 0.4 percent to reach $4,465.32 per ounce, while U.S. gold futures rose 0.3 percent to reach $4,465.70. Regarding other precious metals, spot silver rose 2.9 percent to $78.72 per ounce.
Spot platinum climbed 2.5 percent to $2,327.17 per ounce, and palladium increased 0.8 percent to $1,721.74 per ounce.
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