Gold prices rose Tuesday on hints from a top U.S. central banker of more accommodation, fewer options for safe-haven investors and equity markets that were thinly traded and volatile. The president of the New York Federal Reserve, William Dudley, said Monday the central bank was not out of "policy bullets" when it came to stimulating the economy. The comment was taken to mean that the Fed's leadership believed that expanding its balance sheet again will significantly help the economy. Much of gold's rise recently stems from such Fed-driven money printing. Options for safe-haven investors appeared to decline as Japan's finance minister said he instructed his staff to prepare to intervene in currency markets to put a lid on the yen, which is at a record high against the dollar.

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