Gold prices reached a one-week high on Tuesday, hitting $2,623.54 per ounce due to a weaker U.S. dollar. This increase followed a 2% rise on Monday, as traders awaited insights from Federal Reserve officials on U.S. interest rates.
The dollar"s decline was attributed to profit-booking after a strong rally last week, making gold more affordable for international buyers. Palladium remained stable at $1,005.20 after a significant increase of over 5% on Monday.