Gold prices rose on Wednesday as bargain hunters returned after the metal's sharp decline in the previous session, while investors awaited US private payroll data for clues on future interest rate moves. Spot gold climbed 0.9 per cent to $3,966.65 per ounce by 0713 GMT, recovering from Tuesday's 1.5 per cent drop to its lowest level since October 30. US gold futures for December delivery gained 0.4 per cent to $3,975.30. Analysts attributed the rebound to bargain-buying and safe-haven demand amid broader risk-off sentiment, as Asian equities extended a selloff following Wall Street losses. The dollar held near a three-month high, limiting gold's upside. Gold has retreated about 10 per cent since hitting a record $4,381.21 on October 20. Other precious metals also advanced, with silver up 1.1 per cent at $47.61 per ounce, platinum rising 0.4 per cent to $1,541.17, and palladium gaining 0.5 per cent to $1,398.28. Attribution: Reuters
