Gold held firm above $900 an ounce on Tuesday after a weaker US dollar and higher oil prices lured investors back into the metal, although an increase in risk appetite and rebounding stock markets checked gains. Bullion jumped almost 2 percent on Monday in a rally also driven by demand from jewellers in main consumer India and pent-up buying ahead of closely watched results of stress tests on US banks.
Other precious metals tracked gold higher. Spot gold rose 25 cents to $905.60 an ounce, after rallying on Monday to its strongest in nearly a week. It touched a near four-week high of $918.25 last Monday, but has failed to recapture the near record high above $1,000 touched in February.
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