Gold futures rose in early Europe trading on Tuesday, snapping a five-session losing streak which took prices to the lowest level in more than five-months as the U.S. dollar pulled back from a one-year high.
Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $4.95, or 0.4%, to $1,226.55 a troy ounce by 2:55AM ET (07:55GMT), after falling to $1,211.00 a day earlier, a level not seen since June 3.
Also on the Comex, silver futures for December delivery rose 9.0 cents, or 0.53%, to $16.98 a troy ounce during morning hours in London, bouncing back after dropping to $16.62 on Monday, the lowest since June 8.
The U.S. dollar weakened against a basket of major currencies on Tuesday, with investors locking in profits after a recent rally that drove the greenback to the strongest level since December 2015.
Source: Investinguk.com
