Gold price rose as global stocks declined. Global stocks fell on decreasing demand for risky assets.
Gains were limited as the U.S. dollar increased after the release of the better-than-expected U.S. economic data. Private sector in the U.S. added 214,000 jobs in February, according the ADP report on Wednesday. January's figure was revised up to 193,000 jobs from a previous reading of 205,000 jobs. Analysts expected the private sector to add 190,000 jobs. Services sector added 208,000 jobs in February, while goods-producing sector added 5,000.
April futures for gold on the COMEX today increased to 1241.40 dollars per ounce.