LONDON: Gold rebounded on Tuesday as global share markets dropped, but bullion was still heading for its second monthly fall, pressured by a strong dollar and expectations the US Federal Reserve will increase interest rates this year.

Spot gold, lower initially, rose 0.2pc at $1,188.60 an ounce by 1432 GMT, while US gold for April delivery was up 0.3pc at $1,188.50 an ounce.

Spot prices have lost 2pc so far in March.

Spot silver rose 0.5pc to $16.76 an ounce, while platinum gained 1.8pc to $1,135.74 an ounce.

Published in Dawn, April 1st, 2015

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