Gold prices continue to gain

Gold prices continued their gains on Tuesday, supported by the pledge of China, the largest consumer of gold, to strengthen stimulus policies to support economic growth, while investors awaited the release of US inflation data to obtain more signals about the US Federal Reserve’s directions regarding interest rates.

The spot gold price rose by 0.48%, reaching $2,671.42 per ounce.

US gold futures rose 0.25% to $2,692.50.