Gold prices held steady on Tuesday near last session’s 2-1/2-month high as risk-averse investors sought refuge in the metal amid rising political tensions and economic uncertainty.
Spot gold was little-changed at $1,226.11 an ounce at 0353 GMT.
Gold touched $1,233.26 on Monday, its highest since July 26, as global stocks slid on rising tensions between Western powers and Saudi Arabia and concerns over the pace of global economic growth. Asian stocks rose modestly on Tuesday, gaining a firmer footing after a week of heavy losses.
U.S. gold futures were flat at $1,229.90 an ounce.
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