Gold prices traded at a slight hike during the Asian session on Wednesday despite worsening Asian stock indices, which would have supported growing demand for gold as a safe haven and alternative investment.
The US dollar witnessed weak volatility and circulation after its gains were reduced yesterday before the closure, but volatility and uncertainty in the financial markets prevented gold from taking advantage of the fluctuation to keep its trades weak.
The decline in Asian stock indices today came under the leadership of technology shares that followed losses in American equities under a crackdown on security and privacy policies in technology companies following the scandal of leaking customer data in Facebook.
Today, markets are waiting for GDP data to be released for the fourth quarter in the United States of America, with the expectation that growth would improve to 2.7% from the previous reading of 2.5%.
Gold prices are currently traded at the level of $1346.55 for the ounce, after registering the lowest level at $1343.83 per ounce, and it opened today's meeting at the level of $1345.16 per ounce, registering the highest level at $1347.00 per ounce.