Gold Prices Reverse Earlier Losses to Settle Higher

Gold prices rose on Tuesday, recovering from earlier losses to close at its highest level in about a week.

The rise in the yellow metal prices came amid the decline in stock markets.

Gold futures for December delivery increased by 0.31% or $8.90 and closed at $1,943.20 per ounce.

Earlier today, the precious metal was trading as low as $1,911.70 an ounce.

This is the highest closing level for gold futures since Wednesday, September 2.