Gold closes at 9-year peak

Gold futures rose Tuesday, lifted by strong safe-haven demand, as the US dollar rose against most currencies and amid pressures on global stock markets.

Markets are weighed down by the lingering uncertainty over the coronavirus and the disease spread in multiple countries, especially the US.

President Donald Trump's administration announced today that the US is formally withdrawing from the World Health Organization.

The dollar index rose against a basket of currencies by 0.1% to 96.8 points as of 20:00 GMT, after it hit a high of 97.1 and a low of 96.6.

Gold August futures rose 0.9% or $16.4 to close the highest since September 16, 2011 at $1,809.90 an ounce, after hitting a day high of $1,810.8 and a low of $1,781.2.