Gold prices hit more than a month's high as dollar weakens

Limiting gains in safe-haven bullion, shares in Europe and Asia edged higher on Tuesday, helped by another record-setting day on Wall Street

Gold prices climbed on Tu­esday as the dollar weakened and concerns over the spread of the Omicron variant led bullion's year-end rally to a more than one-month high.

Spot gold was up 0.3 per cent at $1,814.00 an ounce by 1145 GMT, its highest since November 22, while US gold futures rose 0.5 per cent to $1,818.2. "While there are concerns over the Omicron variant, the investment demand is quite flat. So it is just the year-end rally since there is still some risk-on sentiment present," said Jigar Trivedi, a commodities analyst at Mumbai-based broker Anand Rathi Shares. 

"Gold may not rally