Gold gains as dollar slips

LONDON, Mar 30 (Reuters): Gold prices rose on Wednesday, supported by a retreat in the dollar and renewed doubts about the possibility of a ceasefire between Russia and Ukraine.
Spot gold was up 0.6 per cent to $1,931.16 per ounce by 1340 GMT. US gold futures gained 0.7 per cent to $1,931.20.
The US dollar fell 0.5 per cent to nearly a two-week low, making greenback-priced gold less expensive for other currency holders.
Also helping gold, "this Russian situation, which seemed to be improving yesterday is now kind of deteriorating again," said Edward Meir, analyst with ED&F Man Capital Markets.
The Kremlin on Wednesday welcomed that Kyiv had set out its demands for an end to the conflict in Ukraine in written form, but said there was no sign of a breakthrough yet.
Gold dropped as much as 1.8 per cent on Tuesday after Russia pledged to cut down on military operations around Kyiv and in northern Ukraine, but bullion pared most of the losses to settle just 0.2 per cent lower for the day.