Spot gold rose 0.1 percent to $1,335.76 per ounce by 0403 GMT after touching its strongest since late September in the previous session.
Speaking to CNBC-TV18 Daniel Hynes, ANZ Research said that over the past day or so there has been a bit of selling of the yellow metal.
Daniel Hynes, Senior Commodity Strategist, ANZ Research expects crude oil market to come to a balanced position in the near-future.
Saudi Arabia, a key oil producer, may not agree to freeze production without Iran doing so first, says Daniel Hynes of ANZ Research.
Daniel Hynes, Senior Commodity Strategist at ANZ Research says the talk might be gaining interest, but data and actions seem to be opposite to what market has been hearing for the moment.
The OPEC has decided not to cut its oil production and neither has US, therefore weakness for crude in the short-term is give, says Daniel Hynes, Senior Commodity Strategist at ANZ Research.
Daniel Hynes of ANZ Research says it is unlikely that OPEC will cut production going ahead
Speaking about the rally seen in gold, Daniel Hynes of ANZ Research said for the time being gold could even see levels of USD 1200 per ounce on back of currency movements in Asia and seems to be a safe haven for commodity investors.
He feels the metals market should start to recover in the second half of this year and gradually improve over the course of the next few years, Daniel Hynes, senior commodity strategist at ANZ Research says
Daniel Hynes, director-commodity research at Citi Investment Research has been relatively conservative on the outlook for oil, particularly over the first quarter. He expects it to trade in a relatively tight range.
Daniel Hynes, Director of Commodity Research, Citi Investment Research, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, gave his views on how the commodity market will pan out going forward.