Gold futures marked their highest finish in nearly nine years, after climbing to nearly $1,810 an ounce during Tuesday's session.

Prices had seen a "routine downside correction following recent gains" in early Tuesday action, that was "once again seen as a value-buying opportunity in the yellow metal, on strong notions more price appreciation lies ahead," said Jim Wyckoff, senior analyst at Kitco.com, in a market update.

August gold rose $16.40, or 0.9%, to settle at $1,809.90 an ounce. That was the highest settlement since Sept. 16, 2011, based on the most-active contracts, according to FactSet data.

Source: Marketwatch