Gold prices rose on Tuesday on safe-haven demand due to Middle-East tensions and lower U.S. bond yields, although the metal hovered below recent record highs after the Federal Reserve chief signalled smaller rate cuts in future.
Spot gold was up 0.5% at $2,647.01 per ounce, as of 0913 GMT, after hitting an all-time high of $2,685.42 last Thursday. U.S. gold futures edged 0.3% higher to $2,668.30.
The benchmark U.S. 10-year yield slipped on Tuesday, making non-yielding bullion more attractive for investors.
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