Are You Buying or Selling Gold Right Now?

Source: World Gold Council

Gold rose above $1,590 an ounce on Tuesday, gaining nearly one percent following comments by an European Central Bank official that euro zone inflation pressures are abating, which was viewed as an indication of continued monetary easing.

(Read More: CNBC Explains Inflation)

Accommodative monetary policies favor gold as low interest rates encourage investors to put money into the non-interest-bearing assets.

The metal started the day on a firmer tone, supported by some physical buying in Asia, but a stronger dollar and continued redemptions in gold-backed exchange-traded funds kept prices in check.

(Read More: CNBC Explains Exchange-Traded Funds)

Spot gold rose more than a percent to $1,596 an ounce on Tuesday morning, breaking above the $1,560 and $1,585 range in which had been confined since the start of March.

U.S. gold for April delivery were up one percent at $1,596.

(Read More: Gold Jumps, Fueled by ECB Bond Buying Hopes)

Vote to see results
Total Votes:

Not a Scientific Survey. Results may not total 100% due to rounding.

That said, we want to hear from you — are you buying or selling gold right now?

Let us know by voting in our "Futures Now" poll!

— contributed to this report

Watch "Futures Now" Tuesdays & Thursdays 1p ET exclusively on !

Like us on Facebook!

Follow us on Twitter!@CNBCFuturesNow


Host Bio & Watch Now

Trader Bios