Gold prices rose on Tuesday, recovering from a more than one-month low in the previous session as investors moved back into safe-haven assets amid a cautious global market backdrop.
Spot gold climbed 0.5 percent to $4,541.39 per ounce as of 02:30 GMT, while U.S. gold futures for June delivery advanced 0.4 percent to $4,550.70.
The rebound follows recent weakness in bullion, which had come under pressure from a firmer dollar and shifting expectations around interest rates. Tuesday’s move suggests a degree of bargain buying, as investors reassess gold’s role as a hedge against volatility and inflation.
Other precious metals also moved higher. Spot silver rose 0.4 percent to $73.03 per ounce, while platinum gained 1.3 percent to $1,970.85. Palladium advanced 1.2 percent to $1,497.91, reflecting a broader recovery across the metals complex.
The uptick in prices comes at a time when markets remain sensitive to macroeconomic signals, including inflation trends, central bank policy, and geopolitical developments. Gold, in particular, tends to benefit from periods of uncertainty, as investors seek stability outside of traditional risk assets.
While the recovery remains modest, it points to underlying demand for safe-haven instruments, especially following recent declines that brought prices to multi-week lows. Market participants are now closely watching upcoming economic data and policy signals for further direction.
With inputs from WAM
