Gold prices rose slightly on Wednesday as investors look for bargains after the sharp declines in the previous session.

US gold futures were up 0.3% to $2,614.10. Spot gold rose 0.4% to $2,608.18 per ounce at 0200 GMT, after reaching the lowest level since September 20 on Tuesday. According to Kelvin Wong, OANDA's senior market analyst for Asia-Pacific, “there is currently an ongoing bargain hunt as prices have fallen below $2,600. Recent sessions have seen gold negatively impacted by a stronger dollar, fuelled by expectations of Trump's inflationary policies affecting the rate reduction cycle

Spot silver rose 0.7% to $30.91 per ounce after reaching a one-month low in the previous session. Platinum rose by 0.5% to 952.80 dollars and palladium rose by 0.7% to 951.13 dollars