MORNING LIVE GOLD UPDATE ::
Gold prices edged higher on Tuesday drawing some safe-haven bids from risk-averse investors as Asian stocks fell amid worries over a potential slowdown in China’s economic growth and as the dollar eased against the yen.
Spot gold XAU= was up 0.3 percent at $1,190.65 an ounce at 0355 GMT. On Monday, it fell 1.2 percent, its biggest one-day percentage fall since Aug. 15, and also touched a more than one-week low of $1,183.19.
U.S. gold futures GCv1 rose 0.5 percent to $1,194.40 an ounce.
“Gold is getting some support from bargain hunting and also some safe haven support on concerns of a potential sell-off in equities,” said Stephen Innes, APAC trading head at OANDA in Singapore.