Gold rose 1 percent on Tuesday, lifted by a weaker dollar and a 10-month high for silver, which benefited from robust Chinese buying.

Gold touched a session high of $1,246.40 an ounce and was up 0.9 percent at $1,242.35 by 0958 GMT.

Silver climbed 3.5 percent to $16.78, its highest since June 2015, before stabilising with a 2.7 percent gain at $16.65, having risen by 5.7 percent last week, its biggest weekly jump in 11 months.

The dollar fell 0.1 percent against a basket of major currencies.

European equities climbed to three-month highs but that did not damp demand for gold, often seen as an hedge against risk. 

Gold traders were also watching for comments from Federal Reserve officials to gauge the outlook for U.S. monetary policy.

"Gold should probably hang on to its gains in the second quarter because the dollar is likely to stay relatively subdued with the expectations of U.S. interest rate hikes being pushed out to the second half of this year," Mitsubishi Corp analyst Jonathan Butler said.

"That generally means that the yield environment for non-interest-bearing assets remains fairly favourable."

For more information :- www.ripplesadvisory.com

or call us :-9827210746,9039089382,9039089375