(MENAFN) After frequent losses Gold recorded a fresh rise in global markets hitting 0.3% increase at USD1.237 thousand, Reuters reported.
An analyst at VTB Capital Andrey Kryuchenkov said: "This (bounce) would be an expected reaction to the retreat last week with some buying emerging near three-year lows," adding : "I don't think it's sustainable while volumes remain relatively low."
Gold chaos that winded up in unprecedented slump was chiefly caused by the FED decision to phase out on bond-buying programme leading to its lowest rate in 3 years by 23% drop in the second quarter of the year.
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