Gold prices rose Tuesday as a softer dollar and easing oil supported demand, while investors tracked geopolitical developments and shifting macroeconomic signals.
Spot gold climbed 0.6% to $4,674.19 per ounce, after earlier gains of 1%, while U.S. futures edged higher to $4,700.40.
The U.S. dollar slipped 0.2%, making gold more attractive for international buyers and reinforcing its appeal as a currency hedge.
Oil prices declined but remained elevated, sustaining inflation concerns that continue to influence investor positioning across commodities and financial markets.
Despite recent gains, gold has dropped roughly 12% in recent weeks, pressured by rising rates that reduce its appeal as a non-yielding asset.
Market expectations suggest no imminent rate cuts, limiting upside potential as tighter monetary conditions weigh on broader investor sentiment.
Central bank activity remains supportive, with China extending its gold-buying streak, signaling continued long-term institutional demand.
Other metals showed mixed performance, as silver edged higher, platinum declined, and palladium remained steady amid uneven market conditions.
