Gold lowers

Bengaluru : Gold prices on Thursday extended declines from the day before to hit their lowest in nearly a week, pressured as the U.S. dollar recovered from a 3-year low touched on Wednesday.

Spot gold had fallen 0.1 percent to $1,326.51 an ounce by 0112 GMT. It earlier marked its weakest since Jan. 12 at $1,324.60.

Spot gold fell 0.8 percent on Wednesday, its worst one-day percentage decline since Dec. 7. U.S. gold futures on Thursday lost one percent to $1,324.70 an ounce.

The dollar index was up 0.4 percent at 90.885 , after dropping to its lowest since December, 2014 at 90.113 on Wednesday.

Asian stocks were near record highs on Thursday, with a rally by Wall Street supporting bullish investor sentiment.

Longer-term, gold will be supported by risk that global share prices could fall from record highs and strong growth around the world could stoke inflation.