Mubasher: Gold prices recovered on Wednesday from its lowest level in a year, despite that the US dollar has maintained most of its gains against major currencies.

The precious metal futures for August delivery went up 0.1% to $1,227.90 per ounce, after ending Tuesday’s trading session at its lowest level since July 2017.

Spot gold settled near the level of $1,227.67 per ounce.

Meanwhile, the dollar index (DXY) rose by 0.1% to 95.09 points.