Gold edges higher in early Asian session amid losses in U.S. stock-index futures.
The precious metal's direction is likely to be determined by equities' direction and risk appetite, says Fawad Razaqzada, a market analyst at City Index and FOREX.com, in an email.
Gold, which has been on the defensive since topping out around $3,500/oz recently, is trying to find its footing once again, the analyst says, adding there seems to be some short-covering occurring.
Spot gold is 0.2% higher at $3,247.66/oz.(Newsmaker23)
Source : Dow Jones Newswires
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