Gold prices rose on Tuesday on a weaker dollar, while traders awaited a widely anticipated rate hike along with monetary policy clues from the U.S. Federal Reserve over the next two days.

Spot gold rose 0.3% to $1,961.13 per ounce. U.S. gold futures were mostly flat at $1,962.80.

The dollar index edged lower from its near-two-week peak, supporting gold as a weaker dollar makes bullion cheaper for buyers holding other currencies.

Spot silver rose 0.6% to $24.52 per ounce, platinum was up nearly 1% at $965.55, and palladium jumped 1.6% to $1,290.63.

Source: Qatar News Agency