Gold futures on Thursday scored their first gain in three sessions, with a pullback in the U.S. dollar prompting a modest rebound from gold’s lowest level in about four months.
Gold for April delivery GCJ5, +0.52% added $1.30, or 0.1%, to settle at $1,151.90 an ounce on Comex after tallying a loss of 1.4% over the past two trading sessions. Prices Wednesday closed at their lowest since early November.
May silver SIK5, +0.61% settled at $15.516 an ounce, up 15 cents, or 1%.
Tokyo (Nikkei Average NIK, +1.49% ) up 1.6%
Hong Kong (Hang Seng Index HSI, +0.29% ) up 0.3%
Shanghai (Shanghai Composite Index SHCOMP, +0.42% ) up 0.4% (at break)
Sydney (S&P/ASX 200 XJO, -0.75% ) down 0.8%
Seoul (Kospi SEU, +1.02% ) up 1%
Mumbai (Sensex 1, +0.36% ) up 0.5%
Taipei (Taiex Y9999, +0.16% ) up 0.2%
Asian markets mostly rose Friday following a surge on Wall Street after unexpectedly weak US data tempered talk of an interest rate hike by summer.
Despite the easing rate expectations, the dollar maintained its strength against the yen and euro after retreating slightly from multi-year highs Thursday.
Tokyo jumped 1.08 per cent, Hong Kong added 0.11 per cent, Seoul gained 0.88 per cent and Shanghai put on 0.30 per cent but Sydney eased 0.62 per cent.
The broad gains across the region followed Thursday's bargain hunting-filled advances and top off a tough week for global investors after last Friday's strong US jobs report ratcheted up speculation about a Federal Reserve rate hike.
