Gold rose Tuesday after United Kingdom Prime Minister Theresa May's highly-anticipated Brexit speech.

May insisted that the U.K. will leave the European Union's single market for trade, which means it will need to negotiate a host of new agreements.

U.S. President-Elect Donald Trump's comment in a Friday Wall Street Journal interview that the dollar was "too strong" also had investors feeling uneasy.

January Gold Comex futures were sitting at $1,212 an ounce Tuesday afternoon, up $16.70.

At the stock and ETF level, the SPDR Gold Trust ETF (GLD) - Get Report was up 1.23% to $115.61. Gold miners like Newmont (NEM) - Get Report , Randgold Resources (GOLD) - Get Report and Barrick Gold (ABX) were also higher.

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