Gold prices rose by more than 0.2% as of 0835 GMT to trade at $ 1,326.82 per ounce from the opening level of $ 1,323.16, and recorded a high of $ 1,326.98 and a low of $ 1,323.16.
Yesterday, gold prices lost 1.1%, their second consecutive daily loss, and the biggest daily loss since October 8, as correction and profit taking accelerated from a 10-month high of $ 1,347.73 an ounce.
The broader daily loss, aside from the correction, also helped the Federal Reserve, which has raised the prospect of raising US interest rates at least once this year, the US central bank said the economy and labor market are still strong.
The dollar index fell by 0.1%, the first loss in three days, reversing USD rising against a basket of currencies, which is in favor of the rise in prices of gold and other metals denominated in US dollars.
Gold prices rose 0.5% this week, so as the US dollar fell, the second consecutive weekly gain could be achieved.
Gold holdings at SPDR Gold Trust The largest global gold-backed index fund fell yesterday by 4.99 metric tons, bringing the total to 789.51 metric tons, the lowest since December 27.