Mubasher: Gold prices rose on Tuesday and bounced back above $1,280, as the US dollar declined.

Gold futures for December delivery went up by 0.5% and settled at $1,281.7 per ounce.

Investors are anticipating the latest meeting minutes for the Federal Open Market Committee, which will be published on Wednesday.

Meanwhile, uncertainty in Germany is on the rise, as negotiations to form a new coalition government failed.