Gold prices rose on Tuesday as the dollar weakened on expectations that the U.S. Federal Reserve will not raise interest rates at its September policy meeting.
Spot gold rose 1.76 percent to $1,349.64 an ounce while U.S. gold futures settled up $27.30 an ounce at $1,354 and ounce and were last 2.07 percent higher at $1,354.20, after hitting their highest since August 26.
The dollar index was last down 1.03 percent against a basket of currencies at 94.86.
The metal hit a two-month low of $1,301.91 last Thursday on prospects that a strong non-farm payrolls report for August could put the Fed on track to raise rates soon. Gold bounced back, however, when the data missed expectations.