Investing.com - Gold prices moved higher on Tuesday on a double shot of rising physical demand and a weaker dollar.
Gold and the dollar tend to trade inversely with one another.
On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.35% at $1,163.90, up from a session low of $1,145.60 and off a high of $1,165.70.
The December contract settled down 0.85% at $1,159.80 on Monday.
Futures were likely to find support at $1,131.40 a troy ounce, last Friday's low, and resistance at $1,179.00, last Friday's high.
Gold prices rose despite ongoing expectations that the Federal Reserve remains on track to begin hiking interest rates in 2015, which have supported the U.S. dollar.
The Department of Labor reported on Friday that the U.S. economy added 214,000 jobs in October, missing expectations for an increase of 231,000, though a longer-term analysis of the labor market still points to recovery.
The dollar firmed on the news albeit in a delayed manner but by Tuesday, profit taking softened the greenback, which gave gold room to make modest gains.
Elsewhere, physical demand for the precious metal is picking up in Europe and Asia, which gave gold prices added support on Tuesday.
Meanwhile, silver for December delivery was up 0.46% at $15.743 a troy ounce, while copper futures for December delivery were up 0.36% at $3.031 a pound.