Gold almost hit 2-week high on Spanish yields

Gold futures were rising for the eighth day in a row in the European morning trade on Tuesday, as markets were focused on rising Spanish yields and upcoming Federal Reserve policy meeting. On the NYMEX, contracts for August delivery of gold were traded at USD1,632.95 per troy once, adding 0.37% in early European trade. Earlier gold stopped 10 cents lower than USD1,634.35, a 2-week high.