Gold rises as dollar slips amid caution over Ukraine

Gold prices rose on Wednesday, supported by a weak dollar and a slight drop in US Treasury yields, while investors awaited more details from talks between Russia and Ukraine in Turkey.

And gold rose in spot transactions 0.4 percent to $ 1926.60 an ounce by 1250 GMT.

US gold futures rose 0.7 percent to $1,931.30 an ounce.

On Tuesday’s session, the prices of the yellow metal fell by as much as 1.8 percent to the lowest level since February 28 due to signs of progress in negotiations between Russia and Ukraine, before recovering to close down only 0.2 percent.

The US dollar index fell 0.5% to its lowest level in nearly two weeks, making gold priced in the green currency less expensive for holders of other currencies.

Among other precious metals, silver rose in spot transactions 0.45 percent to $ 24.86 an ounce, palladium rose 3.8 palms to $ 2231.40, and platinum increased 0.8 percent to $ 990.69.