Gold prices gain as market eyes US inflation data

Gold prices increased on Tuesday due to safe-haven demand amid trade war worries affecting market sentiment, with focus on US inflation data.

Spot gold prices increased at 12:03 PM GMT by 0.84 per cent to $2,913.65 per ounce, compared to the previous closing price of $2,889.33.

Meanwhile, US gold futures rose 0.65 per cent to $2,918.31 per ounce, compared to Monday’s closing of $2,899.4.

Attribution: Amwal Al Ghad English, Reuters

Subediting: Y.Yasser