Spot gold rose as much as 0.7% to $4,435 per ounce in Asian trading on Tuesday, with analysts attributing its counter-trend rally to a weaker dollar. The Bloomberg Dollar Spot Index fell 0.1% on Tuesday, following a 0.2% decline on Monday, primarily driven by the Japanese yen approaching its year-to-date high against the dollar. Meanwhile, the conflict between the US and Iran has re-escalated, pushing Brent crude oil prices close to $100 per barrel. Traders are currently pricing in an approximately 60% probability of the Federal Reserve raising interest rates as early as next week. US consumer price data, due later this week, will be a key variable for the market to assess the Federal Reserve's policy direction.