Gold rises, shrugs off firm dollar

Gold prices rose on Tuesday, while the US dollar rose against most of its major counterparts, amid growing concerns about the coronavirus.

World Health Organization data stated that coronavirus infections have increased in the USs, Europe and Asia due to the new Delta strain, which has renewed fears of the pandemic spreading out of control.

Bear in mind that the mutated Delta strain was detected in Europe, the UK and several other countries around the world, after it first emerged in India.

The dollar index rose against a basket of major currencies by 0.3% to 93.1 points as of 13:21 GMT, after hitting a high of 93.1 points and a low of 92.8 points.

Gold spot prices rose 0.7% to $1,822 an ounce as of 13:22 GMT, after hitting a day high of $1,825.6 and a low of $1,811.3.