Gold

Early trading on Wednesday, Dollar pulled back from 13-year high triggering bargain-buying for the precious metal giving back some gains to the gold prices.

Gold prices have been falling since the November U.S. elections, occasionally recovers only to slip again.

The precious metal’s price pared losses over 11 percent since the elections.
Investors and traders have been rallying the U.S. dollar index, optimistic about the economic growth which led to a Federal Reserve interest rates hike last month.
Early in the day, Spot gold was up 0.2 percent at $1,133.90 an ounce while U.S. February gold futures delivery was up $2.20 an ounce at $1,135.80.
The dollar pulled back today after it hit 13-year high yesterday.
Gold prices seem to have continuous bad fortune as India’s demand on the precious declined swiftly; also the European Commission suggested straining cash and precious metals transfers from outside the EU on Wednesday in an attempt to close funding means of militant attacks.
Later in the day, Gold prices are trading lower from earlier gains to unchanged levels.
February gold was last up $0.10 at $1,1333.80 an ounce.

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