Gold futures on the COMEX division of the New York Mercantile Exchange rose to the highest level in four months on Tuesday ( Wednesday morning GMT) , due to weaker economic data .
The most active gold contract for April delivery rose 4.7 dollars, or 0.35 percent, to close at 1342.7 U.S. dollars per ounce , Xinhua reported .
The Conference Board , a business research association based in New York , on Tuesday reported that U.S. consumer confidence index fell to 78.1 in February from 79.4 in January .
Meanwhile, the composite index of the S & P / Case - Shiller released Tuesday showed that U.S. home prices fell 0.1 percent in December , a decrease in the second month in a row , with 11 of the 20 cities tracked recorded decreases .
Uncertainty in Ukraine , Venezuela and Egypt as well as the expectations of weak economic data in the coming weeks also help attract investors to gold .
The price of gold has increased di13 session of the last 15 sessions .
Although market analysts still expect the average gold price this year is lower than last year , some have raised the average forecast gold price for the year to 1,333 U.S. dollars per ounce from the previous estimate of 1,289 dollars .
Silver for March delivery fell 8.8 cents, or 0.4 percent, to close at 21.963 dollars per ounce . Platinum for April delivery rose 1.2 dollars, or 0.08 percent, to close at 1442.6 U.S. dollars per ounce .
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