Gold climbs above $3,500 for first time as Wall Street rallies after slide

Dollar also recovers after Monday's sell-off prompted by Donald Trump's attack on Federal Reserve chair

Gold has climbed above $3,500 an ounce for the first time while stocks on Wall Street and the dollar rose following Monday's sell-off prompted by Donald Trump's blistering attack on the Federal Reserve chair, Jerome Powell.

Spot gold reached the record price of $3,500.01 (2,620) on Tuesday, extending a rally that has pushed bullion up from $2,623 an ounce at the start of this year.