Gold rises

Bengaluru : Gold prices rose on Wednesday, ticking up from a four-month low hit in the previous session, as Chinese buyers returned to the market following the Labour Day holiday, while investors awaited cues on the U.S. monetary policy from a two-day Federal Reserve meeting.

Spot gold was up 0.5 percent at $1,310.30 per ounce at 0419 GMT. Gold fell to $1,301.51 in the previous session, its lowest since Dec. 29, 2017.

U.S. gold futures for June delivery rose 0.3 percent to $1,310.80 per ounce on Wednesday. "The Chinese are back from a long holiday and we´re seeing some buying interest on the downside," said Peter Fung, head of dealing at Wing Fung Precious Metals. The gains should be limited as the dollar is firm and as people await the U.S. non-farm payroll data, added Fung.