Gold price fell below $1,200 per ounce, but later rose to $1,215 as oil prices remained volatile and as market participants are concerned about the slowdown in the global economy.
Market participants also eyed the mixed U.S. economic data. The New York Federal Reserve released its survey on Tuesday. The NY Fed Empire State manufacturing index rose to -16.64 in February from -19.37 in January, missing expectations for an increase to -10.00.
The National Association of Home Builders (NAHB) released its housing market index for the U.S. on Tuesday. The NAHB housing market index declined to 58 in February from 61 in January, missing expectations for a decrease to 60.
April futures for gold on the COMEX today traded in the range of 1190.40 and 1,215 dollars per ounce.