Gold recovered from early losses, rises above $ 1600 an ounce on Wednesday, as weak economic data increased from euro zone fears of a debt crisis Cyprus, which stimulate some demand for safe havens.
The euro fell to its lowest level in four months against the dollar, which helped U.S. Dollar Index to climb to the highest level in seven and a half months, with growing concern that the plan becomes save Cyprus model for rescue efforts in the future, assumes private investors invoice.
And, traders said, gold began the session down tracing down the euro and European equities, and is still vulnerable to falling.
Gold rose in the spot market 0.2% to 1602 dollars per ounce by the time of 1346 GMT to stop a three-session losing streak, and scored gold lowest level since March 15 at $ 1589.49 on Monday.
And increased gold futures in the United States for April delivery 0.4% to $ 1601.40 an ounce.
And decreased the spot price of silver to its lowest level in more than three weeks at 28.22 dollars per ounce, but rose later to 28.34 dollars, down 1.3% from the previous close.
The price of platinum fell and palladium also, where platinum lost 0.1% to $ 1572.74 an ounce, and palladium fell 0.6% to $ 756.22 an ounce.
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