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Gold rose Tuesday, rebounding from its four-week low as U.S. stock markets fell, but the stronger dollar and strong economic data released by the United States and China eased fears of a global slowdown and curbed gold price gains.
Spot gold rose 0.3% to $1,291.03 an ounce at 1733 GMT, earlier hitting its lowest level since March 7 at $1,284.76. U.S. gold futures closed up 0.1% at $1,295.40 an ounce.
"The stock market turned below the flat market... It's a tug-of-war between the stock market and the precious metal market, "said Bob Haberkorn, senior market strategist at RJO Futures.
"Gold will temporarily fall into interval fluctuations unless the stock market crashes."
U.S. stocks fell after a three-day rally as investors worried about economic growth and hoped to see more signs of economic strength, following an unexpected rebound in China's manufacturing data and better-than-expected U.S. data, which pushed the S&P 500 index to its highest level in nearly six months.


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