Gold prices are up by 1.85 percent on Tuesday as market uncertainty, driven by an escalating Israeli-Palestinian conflict, grows.
Gold has gained this week as investors rush to the safe haven as geopolitical risk rises. The yellow metal last traded at $1,859 on Tuesday.
Other precious metals also rose with platinum gaining 0.4 percent and silver by 0.2 percent on Tuesday.
Gold prices snapped a losing streak after the Palestinian military group Hamas launched a surprise attack on Israel on Saturday, resulting in a state of war being declared by both parties. Gold had been steadily declining after a raft of data suggested inflation was falling.
Tensions also saw oil prices rise on Monday but this rally began to fade on Tuesday with Brent crude slipping to $87.