• Gold prices rose more than 1 percent on Tuesday as the U.S. dollar slid after North Korea signaled that it is open to nuclear talks and investors worried about aggressive U.S. trade policy.
• The greenback hit a two-week low as traders bet on riskier currencies and assets on news North and South Korea would hold their first summit in more than a decade and after the South said the North was willing to discuss denuclearization with the United States.
• Spot gold gained 1.1 percent at $1,334.79 per ounce by 1:33 p.m. EST (1833 GMT), while U.S. gold futures for April delivery settled up $15.30, or 1.2 percent, at $1,335.20.
• "As a result of the weaker dollar, gold - together with oil and industrial metals - has benefited from the North Korean news," said Saxo Bank's Ole Hansen. "This (is) despite the potential for lowering the geopolitical risk should we move towards a denuclearized Korean peninsular."
• Gold prices rose 1.4 percent to $1,338.49 per ounce, their highest since Feb. 26, surpassing a key level. "Gold broke through the 50-day moving average at $1,329, and probably triggered some buy stops," said Phillip Streible, senior commodities strategist at RJO Futures.
• Resistance is around the $1,350-$1,357 per ounce range, said Forex.com technical analyst Fawad Razaqzada. "A break above this zone is still required before we turn decidedly bullish on gold again."
• U.S. Treasury Secretary Steven Mnuchin said the Trump administration will try to keep any new steel and aluminum tariffs from hurting the economy.
• Among other precious metals, silver increased 2.1 percent at $16.77 an ounce after hitting $16.86, a 2-1/2-week high. Platinum rose 0.8 percent at $968.70 per ounce.
Palladium gained 0.4 percent at $986.60 per ounce, earlier hitting a three-week low of $974. The autocatalyst metal has run into strong support at $975 an ounce, a key retracement of its Jan 2016-Jan 2018 rally, after falling more than 5 percent last week.
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