Ammon News - Gold prices rose on Tuesday on hopes of de-escalation ‌in the Middle East conflict, but were poised for their worst month in more than 17 years as higher energy prices dimmed hopes for a U.S. interest rate cut this year.

Spot gold was up 1.1% at $4,561.68 per ounce, ​as of 0427 GMT. U.S. gold futures for April delivery gained 0.7% to $4,590.

The dollar eased, ​making greenback-denominated commodities more affordable for holders of other currencies.

Spot silver rose 2.9% to $72.04 per ounce, spot platinum gained 0.6% to $1,911.15, and palladium was up 2% at $1,434.23.

Reuters