Gold prices steadied this morning after falling to a three-month low late last week, when investors became risk-averse amid worries about the euro zone's fiscal stability and sold off commodities, including gold.
Spot gold inched up 0.1% to $1,066.00 per ounce, compared with New York's notional close of $1,065.55.
US gold futures for April delivery were up 1.4% at $1,067.40 per ounce. On Friday, the contract fell $10.20 to $1,052.80 on the COMEX division of NYMEX. Spot gold fell as low as $1,043.75 on Friday.
The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, rose 1.83 tonnes to 1,106.38 tonnes on Friday. It was the first rise in the holdings since late December.
Source BloombergUTV
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