Gold futures for December delivery rose 0.44% to $4,718.69 per troy ounce during the U.S. trading session on Tuesday, according to Comex data. The metal found support near $4,378 while facing resistance around $4,754.01.
The U.S. Dollar Index futures, which measure the greenback against six major currencies, declined 0.07% to $98.86. The dollar’s retreat contributed to the upward momentum in gold prices.
In base metals, copper futures for September delivery advanced 1.55% to $6.71 per pound, extending gains as industrial demand signals remained supportive. Silver futures for September delivery, however, fell 0.48% to $68.93 per troy ounce, paring earlier strength.
