Gold prices rose over 1% on Wednesday, rebounding from a more than one-week low hit in the previous session, as a widening Middle East conflict sent global markets tumbling and supported safe-haven demand.
Spot gold gained 1.4% to $5,157.30 per ounce as of 0453 GMT. U.S. gold futures for April delivery added 0.8% to $5,165.80.
On Tuesday, bullion fell more than 4% to its lowest since February 20, weighed by a firmer dollar and dimming rate-cut prospects as inflation concerns were intensified by fears of a prolonged war.