Demand for gold is another safe havens in receding

Media IN / Agencies 24 April 2018

Gold prices rose on Tuesday, hovering near two-week lows as demand for the metal as a safe haven was negatively impacted by rising US dollar and US Treasury yields and the decline of most geopolitical concerns.

With a drop in the previous three sessions, the spot price of gold rose 0.2 percent to $ 1327.20 an ounce by 06:32 GMT.

That is close to the $ 1321.81 level on Monday, the weakest for the metal since April 6.

US gold futures rose 0.4 percent to $ 1329.20 an ounce.