By Brijesh Patel
(Reuters) - Gold prices rose on Thursday as investors took advantage of a sharp fall in the previous session to buy the metal after the U.S. Federal Reserve signalled it might raise interest rates sooner than expected.
Spot gold was up 0.6% at $1,822.36 per ounce, as of 0235 GMT.
U.S. gold futures were down 2% at $1,824.70 per ounce.
"Gold was crushed overnight by a more hawkish Fed. It has staged a modest recovery in Asia but the rally looks more like speculative dip buying and fast money short-covering,.