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Gold prices edge up at Tuesday's close

Gold prices edge up at Tuesday's close

Mubasher: Gold prices rose slightly on Tuesday, as the US dollar slipped against major currencies amidst continued trade war concerns.

The yellow metal losses reached 12% since mid-April, as it failed to capitalize on global geopolitical risks as a safe haven due to a strong performance by the USD.

However, the precious metal is expected to end the year at the level of $1,300 per ounce.

Gold futures settled 0.1% higher at the level of $1,218 per ounce, while spot gold were last trading below $1,211.