US gold futures settled 1.6 per cent higher to $2,345.4
Bullion ended 1.3 per cent lower on Tuesday after the consumer-price index figures were released
Bullion is hovering near a two-week low after the US dollar and bond yields rose Wednesday
Bullion has gained 12 per cent this year
The crisis in Europe is disrupting flows of energy, grains and metals
Gold has made a strong start to the year, surging to the highest since June
Bullion’s appeal as a store of value is being burnished by risk aversion in markets and a surge in inflation worldwide
Gold is holding above $1,800 an ounce after dropping for the first time in three years in 2021
Gold is heading for its biggest monthly loss since June as more central banks start signaling a pullback in stimulus measures