Ella 
Gold prices rose to more than a week high during Asian trading on Tuesday.
Geopolitical tensions in the Middle East and falling U.S. bond yields provided support for gold prices.
The positive risk tone kept a lid on gains as traders will focus on FOMC meeting minutes and U.S. CPI.
Gold prices (XAU/USD) recorded strong gains of more than 1% on Monday and settled above the mid-$1,800 level amid concerns over geopolitical tensions in the Middle East. U.S. Treasury yields continued to fall, providing additional support for the safe-haven precious metal as bets on further interest rate hikes by the Federal Reserve diminished. This, combined with subdued U.S. dollar price action, pushed gold prices higher for a third consecutive day on Tuesday.
Gold prices climbed to more than a one-week high during the Asian session and have now recovered more than $50 from a seven-month low hit on Friday. Nonetheless, the overall bullish tone for the stock market prevented bullish traders from placing new bets around XAU/USD and capped gains. Investors also appear unwilling to stay on the sidelines ahead of important data releases from the United States (US) this week – minutes from the FOMC monetary policy meeting on Wednesday and the latest consumer inflation data on Thursday.
