Gold prices rose on Tuesday as geopolitical tensions escalated in the Middle East, with focus also turning to the U.S. central bank's policy decision on Wednesday, while silver surged to a 13-year high.

Gold fluctuated as investors tracked an escalation of risk in the Middle East and digested weak US economic data.

Gold prices stabilized in Asian markets on Tuesday, following a pullback triggered by mixed signals around the Israel-Iran conflict and U.S. involvement. Spot gold edged up 0.2% to $3,392.25 per ounce,