New York - Saba:
Gold prices rose sharply on Tuesday, with the price of an ounce for current month delivery jumping $81.70, or 2.5%, to $3,370.60, after falling $28.20, or 0.9%, on Friday to $3,288.90.
This rise is attributed to increased demand for gold as a safe haven, amid renewed trade tensions between the United States and China, along with a 0.5% decline in the US dollar index, reaching its lowest levels in more than a month.
In the stock market, US stock indices on Wall Street closed higher on Monday, as investors remained optimistic about trade talks between the United States and its trading partners.