BENGALURU: Gold rose on Thursday, regaining some lost ground from last session's sell-off, after the U.S. Federal Reserve raised concerns that a recovery from the coronavirus-induced economic slump faced a highly uncertain path, weighing on risk sentiment.
Spot gold was up 0.7% at $1,943.07 per ounce by 0537 GMT, after declining more than 3.5% to a near one-week low on Wednesday. U.S. gold futures fell 1% to $1,950.30.
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