A poll conducted by the news service is likely to reveal European consumer confidence plunged to its lowest rate since late 2009. Political squabbling is continuing in Washington regarding leaders from the two major parties being unable to achieve an agreement on reducing the budget deficit.
"We expect inflows into both gold bars and coins and ETFs to continue as Europe and the U.S. are still not free from the sovereign-debt issues," states a Tuesday note penned by Samsung Securities analysts, cited by Bloomberg. "The global economic growth outlook continues to deteriorate and U.S. interest rates should remain low for longer."
At 9:30 a.m. on Tuesday, gold futures were up 0.99 percent, a $16.60 climb to $1,695.20 per troy ounce.
Chinese demand for the yellowish metal increased, which Reuters cites as one significant driver helping the precious metal recover. The Asian nation hosting the globe's second-largest yet most rapidly developing economy is watchihg developments with debt scourges in the euro zone and the U.S.
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