Investing.com - Gold prices remained lower on Wednesday, as the greenback regained some ground while traders continued to digest the recent rout in equities and the subsequent choppy movements in other markets.
Comex gold futures were down 0.28 at $1,325.90 a troy ounce by 08:10 a.m. ET (12:10 GMT), re-approaching the previous session\'s three-week trough of $1,322.80.
Sentiment waned after global equity markets began to plunge on Friday following the release of strong U.S. employment data, which sparked concerns over rising inflation, sending bond yields sharply higher.
The Dow Jones Industrials index was particularly hit on Monday, when it recorded its worst daily point drop in history.
However, U.S. equities rebounded on Tuesday, leading to a downward turn in the greenback, which had benefited from Wall Street\'s sharp decline.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.26% at 89.74.
Gold is sensitive to moves in the dollar. A stronger dollar makes gold more expensive for holders of foreign currency.
Elsewhere on the Comex, silver futures were down 0.27% at $16.54 a troy ounce.