Gold futures traded higher on Tuesday, whetted by the safe haven appeal of the bullion ahead of key U.S. inflation data, which could provide more insights on the Fed's monetary policy outlook. Moreover, weaker dollar also supported yellow metal investments, as it made the greenback denominated bullion cheaper for other currency holders. Meanwhile, the US markets closed on Monday on Memorial Day holiday.
Gold futures for June delivery up by $17.3 or 0.74% to $2,351.8 per ounce on the Comex division of the New York Mercantile. While, spot gold rose by $1.16 points or 0.05% to $ 2,352.13 an ounce.