Gold prices hit nearly two weeks high but the US rate hike outlook limit rose

Gold prices rose to nearly two weeks on Tuesday, Spain and North Korea geopolitical tensions and the dollar weakened to provide support, but for the US Federal Reserve Board (Fed / FED) this year, another rate hike is expected to curb the rally of gold.

Tuesday, the DPRK ruling party to celebrate the party, investors are particularly cautious yesterday, Russia and China jointly called for restraint on the DPRK issue, before the US President Trump in the tweet suggested that he had to take military action.

Tuesday, the President of the Catalan Autonomous Region of Spain, said in the parliament, it is important to alleviate the tensions in the Catalan region and propose that the parliament first put aside the results of an independent referendum for dialogue.

The dollar index fell, the major US stock index hit a new high, the US bond yields fell.

"The Fed will raise interest rates, so gold may fall below the current range to $ 1,250, and geopolitical tensions will support gold," said Robin Bhar, an analyst at Societe Generale.