The price for the yellow metal has crossed the level at $1,341.
Gold tacks on in Asia on weaker greenback
On Tuesday, gold jumped in Asia, with a weaker greenback driving buying sentiment.
December delivery gold futures rallied 0.27% in New York being worth $1,284.36 a troy ounce.
Overnight, the number one precious metal was roughly intact because a rising greenback kept weighing on upside momentum in gold.
During a quiet trading day for top-tier economic data, the precious metal was suppressed on signs that market sentiment on the greenback is turning upbeat after data demonstrated market participants kept unwinding their bearish bets on the US currency.
Traders pared net bearish bets on the American currency to their lowest value in more than a month, as Commodity Futures Trading Commission data unveiled on Friday.
Gold has struggled to pare losses diving below a major price level of $1300 amid indications of progress on tax reform as well as soaring expectations that the US major financial institution will raise rates later in 2017.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…