Gold prices rose on Tuesday for the first time in 4 days, as the US dollar fell, while demand rose due to bargain hunting after prices fell.
Gold prices rose 0.4% to $1,826.46, after opening at $1,819.22, and hit a day low at $1,817.52.
The yellow metal closed lower by 0.3% yesterday, in its third straight daily loss, due to slow safe-haven demand.
The dollar index fell more than 0.3% today, extending its losses for the second straight day, and hit a 3-week low of 90.11 points.
A falling US dollar lifts the prices of gold and other dollar-denominated metals, as it makes them cheaper for other currencies holders.
The US dollar fell due to weak demand, amid optimism about the global economic recovery thanks to massive stimulus measures and vaccination campaigns.
Gold stocks at the SPDR ETF remained unchanged yesterday, with the total at the lowest level since June 12 of 1,142.22 metric tonnes.