investing in gold : Gold rose 1 percent on Tuesday, recovering from lows near six-year term news that the Turkish fighter jet was shot down a Russian-made fighter jet near the Syrian border and sparked a rush to safety among investors, weighing on the dollar.
Metal under pressure remained, but expectations the Federal Reserve will go ahead in the first rise in interest rates in nearly a decade next month.
And increased the price of gold at $ 1,080.51 and was up 0.7 percent to $ 1,077.30 an ounce at 1457 GMT. US futures for gold delivery in December $ 9.30 an ounce higher at $ 1,076.10.
The US dollar fell as investors safe haven currencies amid concerns about rising tensions between Russia and Turkey, ignoring the positive US economic data.
Declining stock investors safety in government debt and sought a low-risk Japanese yen after the Turkish planes dropped down a Russian warplane near the Syrian border. [MKTS / GLOB]
Russian President Vladimir Putin called on Russian fighter plane dropping stab in the back, saying it would have serious consequences on relations between Moscow and Ankara.
"This is a clear escalation of the crisis, which should lift gold," said analyst Carsten Fritsch Commerzbank.
Metal fell to its lowest level since February 2010 last week at $ 1,064.95 per ounce, and the pressure to within a few dollars of that level on Monday after the dollar rose to its highest level in eight months against a basket of currencies. Analysts said gold has recovered since then, but still vulnerable.
"If the dollar continues to strengthen, gold softens. Will not necessarily be a smooth path, but I do not see any reason why they should pick up," said Citi analyst David Wilson.
"Markets are still aimed at the December rate hike. If you look at the relationship with the dollar this year, and that's really the driver."
Gold tends to take advantage of very low US interest rates, reducing the opportunity cost of holding non-yielding gold, while weighing on the dollar. It has come a drop 9 percent this year, largely on the back of rising speculation rate.
And silver was up 1 percent at $ 14.22 an ounce, while palladium was higher 0.2 percent to $ 538 an ounce. Platinum was up 0.2 percent to $ 842 an ounce, off an earlier minimum level of $ 831.80 an ounce.
World Council of Platinum Investment said in a report that the deficit shrink the platinum market this year, before moving to a small surplus in 2016 as rising supplies from mining and recycling and falling investment.
