Gold prices hit one-week highs on Tuesday, buoyed by a weaker dollar on tepid economic data from the United States and as investors turned to safe-haven assets on worries over geopolitical tensions. Spot gold had risen 0.4 percent to $1,257.73 per ounce at 0658 GMT, while US gold futures were up 0.5 percent at $1,259.9.
Spot gold hit its highest since March 28 at $1,257.97. Hedge funds and money managers raised their net long position in COMEX gold by 33,179 to 99,150 lots in the week to March 28, the highest in more than three weeks. Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, climbed 0.53 percent to 836.77 tonnes on Monday from 832.32 tonnes on Friday.
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