Gold prices rose on Tuesday, January 11th, supported by a decline in the dollar and US Treasury yields, as investors awaited the release of inflation data for December, this week, which may support a decision by the Federal Reserve to raise interest rates sooner than expected.
And the price of gold in spot transactions rose 0.3% to 1,806 dollars an ounce.
And the price of gold in US futures contracts rose 0.3% to $ 1804.90.
The 10-year US Treasury yield fell to 1.778%, down from a two-year high hit in the previous session of 1.808%.
Investors are awaiting inflation data due to be released on Wednesday.
The data is expected to show the core US CPI rose to a multi-decade high to 5.4% in December, from 4.9% the previous month.
Some investors consider gold as a hedge against high inflation, but it is vulnerable to rising US interest rates, which increase the opportunity cost of holders of the yellow metal that does not generate returns, while the rise of the dollar makes the precious metal expensive for holders of other currencies.
In other precious metals markets, the price of silver in spot transactions rose 0.4% to $22.55 an ounce, and the price of platinum rose 1% to $949.28 an ounce, and palladium increased 0.5% to $1,921.74.