Gold futures settled tad higher on Wednesday rebounding from sharp sessional losses, lifted by a weaker dollar and on optimism over next round of monetary stimulus promised by the US government. However, better than expected US economic activity data limited appeal of the safe haven metal.
Gold futures for April delivery settled up 0.1% at $1,835.10 an ounce on the Comex division of the New York Mercantile. Spot gold fell 0.2% to $1,833.93 per ounce.