WASHINGTON (dpa-AFX) - Gold prices extended 3-month highs Tuesday morning in New York, even as the dollar rebounded against major rivals.
Bullion prices have jumped this week amid renewed expectations that stagnant U.S. wages will prevent the Federal Reserve from raising interest rates in the first half of the year.
Meanwhile, political upheaval in Greece could prove chaotic for the euro zone, boosting the precious metal's safe haven appeal.
Gold for February was up $6 at $1,238 an ounce, its highest since October.
Silver also rallied, picking up 2.7 percent to $16.99 an ounce.
Minneapolis Federal Reserve Bank President Narayana Kocherlakota will speak in New York at 5 pm ET. The dovish Fed official may shed light on the outlook for interest rates.
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