Ammon News - Gold rose on Tuesday on weak dollar and Treasury yields, as investors awaited inflation data to assess the Federal Reserve's policy path amid simmering trade tensions and fears of economic slowdown.

Spot gold rose 0.3% to $2,898.27 an ounce as of 0501 GMT, while U.S. gold futures firmed 0.1 to $2,902.50.

The dollar index hovered near a four-month low hit last week, making bullion less expensive for overseas buyers, while benchmark 10-year U.S. Treasury yields fell.

U.S. President Donald Trump, in a Fox News interview on Sunday, declined to predict whether his tariffs would result in a U.S. recession, sending global stocks down.

Trump imposed 25% tariffs on imports from Mexico and Canada last Tuesday, along with fresh duties on Chinese goods, but later exempted many Mexican and Canadian imports from those tariffs for a month, creating uncertainty in the markets and fanning worries of U.S. inflation and growth slowdown.

Spot silver added 0.3% to $32.19 an ounce, platinum was steady at $957.89 and palladium lost 0.3% to $940.47. Reuters