Gold is showing signs of correcting after recent spurt as improving risk appetite is capping gains. The metal is also eying Bitcoin which hit nine month high above $25000 yesterday. Meanwhile, the US dollar is holding close to one-month low around 103 after US consumer price inflation eased to 6.0 percent in February, reducing the case for aggressive interest rate hike by Fed. The US stocks soared yesterday. The Dow added 1%, snapping a five-day losing streak. This is weighing on Gold and the metal is currently trading at $1891 per ounce, down 1% on the day.

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