LONDON: Gold prices hit a one-month high on Tuesday, boosted by a lower dollar after US economic data persuaded investors to reassess the idea of an imminent Fed rate hike, while security concerns rose following a bomb blast in Russia the previous day.
Spot gold was up 0.2 per cent at $1,255.9 an ounce by 1350 GMT after touching $1,261.15, its highest since February 27. US gold futures climbed 0.30c to $1,257.8.
Investor interest can be seen in holdings of SPDR Gold Trust, the world`s largest gold-backed exchange-traded fund, which climbed 0.53pc to 836.77 tonnes on Monday from 832.32 tonnes on Friday.
Spot silver rose 0.3pc to $18.28, having hit a onemonth high at $18.412 an ounce. Platinum gained 0.8pc to $959.0 and palladium added 0.6pc to $807.2.-Reuters