Gold regained some strength on Tuesday on bargain hunting but still held near its weakest level in two months as a firmer US dollar and rallies in equities undermined the metal's appeal as an alternative investment.
Tensions between Russia and Ukraine as well as violence in the Middle East have failed to stir up demand from investors, although some jewellers purchased bullion after prices dropped below $1,300 an ounce.
Tensions between Russia and Ukraine as well as violence in the Middle East have failed to stir up demand from investors, although some jewellers purchased bullion after prices dropped below $1,300 an ounce.
Cash gold added 0.22 per cent to $1,279.11 an ounce by 0328 GMT, still not far above a two-month low of $1,273.06 hit on August 21.
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