Gold Prices Rise With Dollar Decline
Gold prices rose Wednesday as the dollar fell, but the metal remained near a four-month low after better-than-expected Chinese data boosted the Asian stock and boosted risk appetite.
Spot gold rose by 0.2% to $ 1278.50 an ounce, after dropping as low as 1.2% in the previous session to $ 1272.70 an ounce, the lowest level since Dec. 27.
Gold futures rose 0.3 percent to $ 1281.20 an ounce.
On other precious metals, silver rose 0.7% to $ 15.08 an ounce. Platinum rose 1.3% to $ 887.50 an ounce, while palladium climbed 1% to $ 1363.45 an ounce.