Gold rebounds in Asia

Bargain hunting lifted gold on Tuesday after it fell to its weakest in nearly a month in the previous session, while a steadier euro helped ease worries about tighter monetary policy. A surprise rate hike late last week in India, the world's largest bullion consumer, raised concerns that other main users of commodities such as China would follow suit, potentially curbing demand.
Spot gold hit an intraday high of $1,106 an ounce and was at $1,104.20 an ounce by 0622 GMT, up $2.60 from New York's notional close on Monday. It had dropped as low as $1,092.25 an ounce on Monday, its weakest since February 25.