Gold rose on Wednesday on strong Chinese demand and after Federal Reserve officials allayed investor concerns that the US central bank will soon exit its bullion-friendly bond purchases. Spot gold rose 0.2 percent to $1,378.29 an ounce by 0628 GMT, but remains not far off a two-year low of $1,321.35 reached during a sell-off last month.
The metal had fallen for eight sessions out of the last nine as of Tuesday and is down nearly 18 percent for the year. US gold was little changed at $1,377.4 an ounce.
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