Gold price rises back towards $1,360 as talk of US rate hikes fades

``Gold rose on Tuesday as European shares fell 1 percent and the dollar hit its lowest in over a month versus the euro, after last week's soft U.S. growth data dented expectations for a near-term interest rate hike... The Federal Reserve should be cautious on interest rate increases due to lingering risks to the U.S. economy, New York Fed President William Dudley said on Monday, appearing to signal the chance of a hike by the end of the year was fading.''