Are You Buying Gold Dip?
Gold prices firmed on Tuesday, recovering some lost ground from a one-month low in the previous session, as a weaker dollar, stronger stock markets and lower prices tempted buyers back to the metal.
The euro and stock markets rose as hopes that debt-laden Spain will soon seek a bailout added to firm German and U.S. economic data and solid corporate results to sharpen appetite for assets seen as higher risk.
Spot gold was up 0.6 percent at $1, 745 an ounce, while U.S. gold futures were up 0.5 percent an ounce at $1, 744.
The metal has been underpinned by expectations that stimulus measures from central banks including the Federal Reserve will keep interest rates low and fuel inflation in the longer term.
That said, are you buying gold dip?