Gold prices rose on Wednesday, snapping a three-day losing streak, as hopes for a new US asset-purchase program and better prospects facing Greece's debt deal boosted risk appetite. Spot gold was up 0.6 percent at $1,684.76 an ounce by 3:35 p.m. EST (2035 GMT).
US gold futures for April delivery settled up $11.80 an ounce at $1,683.90, with trading volume sharply lower than the previous day and about 20 percent below its 30-day average, preliminary Reuters data showed. Among other precious metals, silver gained 1.6 percent at $33.43 an ounce. On Tuesday, it dropped more than 4 percent. Platinum group metals also rebounded after the previous session's sharp losses. Platinum added 1.1 percent at $1,626.99 an ounce and palladium rose 3.1 percent to $684 an ounce.