Gold futures on the COMEX division of the New York Mercantile Exchange edged up on Tuesday, as traders' concerns over EU debt somewhat declined and a rally in the equities markets prompted across-the-board gains in the financial sector.

The most active gold contract for June delivery rose 1.4 U.S. dollars, or 0.08 percent, to settle at 1,651.1 dollars per ounce.

Market analysts said gold reversed its two-day decline Tuesday, edging up largely thanks to the bullish outside market.

The bullion followed U.S. stock market, which soared Tuesday, as Apple looked set to snap its five-day losing streak while gains in other tech companies sent both the NASDAQ and Dow Jones Industrial Average up over 1.5 percent in afternoon trading.

Analysts said the equities markets regained strength thanks in part to a more positive view from the Eurozone, as a report gauging German investor confidence increased and Spain saw a successful bond auction. Crude oil was also up, while the Intercontinental Exchange (ICE) dollar index slightly fell.

Gold was able to trade up slightly thanks to the positive outside market forces. However, the precious metal ultimately saw only a small gain for the day, in contrast to U.S. equities and other commodities that sharply increased.

Silver and platinum futures also saw more significant gains. Silver for May delivery increased 30.1 cents, or 0.96 percent, to close at 31.674 dollars per ounce. Platinum for July delivery increased 8.9 dollars, or 0.56 percent, to close at 1,584.7 dollars per ounce.