Gold prices rose for a third day on Tuesday to its highest since November as mounting geopolitical tensions over a new North Korean missile launch stoked demand for safe-haven assets and weighed heavily on the dollar and equities. Spot gold rose 0.6 percent to $1,316.90 per ounce by 0314 GMT, after earlier touching its highest since Nov. 9 at $1,322.33.

Gold gained 1.4 percent in the previous session in its biggest one-day percentage rise since mid-May. U.S. gold futures for December delivery were up 0.6 percent to $1,322.80 per ounce.

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