Gold prices rose to their highest level in two weeks on Tuesday, as concerns over U.S. President Donald Trump's tariff plans boosted demand for the precious metal, which is considered a safe-haven asset. Investors are also closely watching the upcoming meeting of the U.S. Federal Reserve.
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According to Bloomberg News, spot gold increased by 1.4% to reach $3,380.92 per ounce, after hitting its highest level since April 22 earlier in the session.
U.S. gold futures also climbed by 2% to $3,389.90 per ounce.
As for other precious metals, spot silver rose 1.5% to $32.99 per ounce, platinum gained 1.3% to $971.24, and palladium edged up 0.5% to $945.75.
— (Petra News Agency)