2018.10.1607:21:00UTC+00Gold Prices Climb On Safe-haven Demand

Gold prices rose on Tuesday despite the U.S. dollar edging higher on firmer Treasury yields.

Amid recent geopolitical turmoil and market fluctuations, it appears that the previous metal is regaining some of its safe haven lure.

Spot gold was up nearly 1 percent at $1,229.64 an ounce after having touched as high as $1,233.26 on Monday, its highest level since July 26. U.S. gold futures were up 0.20 percent at $1,232.80 an ounce.

With tension brewing between the U.S. and China over trade tariffs, investors remain concerned about the harm to global growth.

Political uncertainty is also increasing as a result of expectations about the U.S. midterm elections in November.

Also, there is a risk-off mood in the global markets after the disappearance and presumed murder of Saudi journalist Jamal Khashoggi, who hasn't been seen since entering the Istanbul consulate on October 2.