Gold rises as equity sell-off spurs safe-haven buying

Bengaluru

GOLD prices rose on Tuesday as a rout in global equities prompted investors to seek shelter in safe havens such as gold, although expectations of more US rate hikes this year weighed on the market.

Spot gold was up 0.3 per cent to US$1,342.95 per ounce at 0722 GMT following Monday's 0.5 per cent gain.