Gold Shows Strong Recovery as USD Declines

Gold prices recovered on Tuesday from its lowest level in about five months, logging its biggest daily rise in about three weeks.

This comes as the US Dollar (USD) declined across the board following the release of mixed economic data.

Gold futures for February delivery gained $38, or 2.1%, to close at $1,818.90 per ounce.

This is the biggest rise for the yellow metal most active contracts since November 5.

Last month, gold futures logged losses of more than 5.5%.