Gold firmed today as demand for physical metal picked up after the previous day’s 2 per cent slide, prices remain under pressure from gains in the dollar and stocks.
Physical buying gathered pace in Europe and major consumer China on Tuesday, traders said, supporting prices after dollar strength had knocked them lower.
Spot gold was up 0.5pc at $1,156.10 an ounce at 1439 GMT, while U.S. gold futures for December delivery were down $4.50 an ounce at $1,155.30
