Gold prices rose in European trade for the fourth straight session off three-month lows as the dollar slowed down against a basket of rivals.
It comes after weak US data, which cast some doubt on a potential US Fed interest rate hike in July.
Gold Prices Today
Gold prices rose 0.4% to $1,928.53 an ounce, with a session-low at $1,920.02, after rising 0.1% yesterday, the third profit in a row away from a three-month trough at $1,893 an ounce.
The Dollar
The dollar index fell 0.1% on Tuesday against a basket of major rivals, underpinning gold futures.
Recent US data showed the manufacturing sector much deep into recession.
Current trading remains limited as the US markets are closed for the Independence Day holiday.
US Rates
Odds for a US interest rate hike in July stand strong at 90%.
Data
Tomorrow, the Federal Reserve will release its meeting minutes, expected to include important clues on the cycle of policy tightening starting in July.
And next Friday, the all important payrolls report will be released, crucial for gauging the health and strength of the US economy.
The SPDR
Gold holdings at the SPDR Gold Trust remained flat yesterday at 921.9 tones, the lowest since March 15.
Source : Economies