Gold prices rose in Asian trading on Tuesday, extending sharp overnight gains as traders priced in renewed expectations that the U.S. Federal Reserve will cut interest rates in December.
Caution ahead of a series of key U.S. economic data releases also boosted demand for safe-haven assets, with gold rising even as the dollar remained strong. Broader metals prices also advanced.
Spot gold rose 0.3% to $4,145.57 per ounce, while U.S. gold futures for February delivery gained 0.2% to $4,180.00 per ounce.
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