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Global gold prices rise 0.3% after dropping more than 1% over last 3 weeks

Asian share markets were trying to find their footing on Wednesday as a semblance of calm returned to Wall Street


Gold prices rose on Wednesday as investors used dips to accumulate the yellow metal after it dropped more than one per cent to its lowest in over three weeks in the previous session. Spot gold was up 0.5 per cent to $1,331.23 per ounce, as of 0722 GMT. Prices fell over 1 per cent to hit its lowest since January 11 at $1,319.96 on Tuesday. US gold futures for April delivery rose 0.3 per cent to $1,333.50 per ounce. "Some dip-buying is coming back aggressively as the volatility index drops. Also, some good buying as the short-term US (interest) rate curve is easing off a ...

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First Published: Wed, February 07 2018. 17:43 IST