Gold prices rose on Tuesday as investors took to buying after it is fell to a one month low hit by the strong dollar. Gold rose 0.2% to $1202.57 an ounce after prices fell to their lowest level since October 11 at $1.199.72 earlier in the session. Gold futures in the US stabilized at $1203.8 an ounce.
The dollar index, which tracks the greenback versus a basket of six major currencies, was hovering near a 16 month high of 97.69 on Monday.
This comes as investors watch US trade tensions and political uncertainties in Europe amid fears of Britain leaving the EU and a confrontation between Rome and the EU over Italy's budget.
Among other precious metals, silver rose 0.6% to $ 14.04 an ounce, after hitting a two-month low of more than two months at $ 13.95 earlier in the session. Palladium jumped 0.8 percent to $1104.70 an ounce, while platinum rose 0.6% to $ 845.60 an ounce.
