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• Gold prices edged up on Tuesday from an 18-month low hit in the previous session as a break below a key psychological level triggered buying interest, while the U.S. dollar pared gains after scaling a 13-month high.

Spot gold was up 0.2 percent at $1,195.51 an ounce, as of 0654 GMT. In the previous session, the bullion hit $1191.35, its lowest since Jan. 30, 2017.

U.S. gold futures were up 0.3 percent at $1,202.50 per ounce.

• “Some stop-loss selling pushed the market lower below $1,200 ... We see some fresh buying interest from here as well as physical interest,” said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.

“However, the market is still under pressure as the U.S. dollar is still very strong. Also, interest rates are poised to go higher and market sentiments are bearish on gold.”

• “People are punting on better growth prospects in the United States, hurting gold’s prospects ... Technically, gold is looking bad and may test $1,165,” said Amit Kumar Gupta, portfolio management services head at Adroit Financial Services in New Delhi.

Instead, investors have made a beeline for U.S. Treasuries, seen as the ultimate safe haven, which meant they had to buy dollars.

“If Turkey contagion spreads further, we may see some buying (in gold). But, as of now the U.S. dollar continues to be a safe haven buying option,” said Amit Kumar Gupta, portfolio management services head at Adroit Financial Services in New Delhi.

Investors’ bearish stance on gold continued to reflect in record short positions and in the outflow of gold exchange traded products.

• Spot platinum rose 0.9 percent to $804.80, after touching three-week low at $791.50 on Monday.

• Silver was up 0.7 percent at $15.10. It hit an over 13-month low of $14.94 in the previous session.

Palladium rose 0.1 percent to $892.30.