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- Gold stabilised near a three-month top early on Wednesday, its safe-haven appeal kept intact by concerns over a wobbly global economy that has put share markets under pressure

* Spot gold XAU= was off 0.2 percent at $1,127.07 an ounce by 0044 GMT, not far below Tuesday's peak of $1,130.30, its strongest since Nov. 3.

* U.S. gold for April delivery GCcv1 was flat at $1,127.70 an ounce.

Global interest rates are likely to go even lower before they rise as financial market volatility and the spectre of deflation raise fresh doubts about central banks' ability to fulfil their mandates, policymakers and economists said.

- Gold prices have risen amid volatile markets, as have holdings in the world’s largest gold-backed exchange-traded fund. In fact, holdings in SPDR Gold Shares (AMEX: GLD) have risen by nearly 40 tonnes so far in 2016, almost at the same pace as early last year.

- Gold prices were ending the U.S. day session weaker Tuesday, on some profit taking and technical chart consolidation after posting modest gains and hitting a three-month high earlier in the day. A sell-off in the U.S. stock market did limit the downside for safe-haven gold. Also, gold bulls still have some technical momentum on their side as prices are in an uptrend on the daily bar chart. April Comex gold was last down $4.40 at $1,123.60 an ounce. March Comex silver was last down $0.083 at $14.26 an ounce.

Most world stock markets faced selling pressure Tuesday, including solid losses in the U.S. indexes at midday, mainly due to the resumption of the slide in crude oil prices. European and most Asian stock indexes were down Tuesday. Nymex crude oil prices fell back below $30.00 a barrel Tuesday, to suggest still more downside pressure to come. Reports Tuesday said most OPEC officials do not favor holding an emergency meeting to discuss oil production cuts. Meantime, Russian government officials said Russia is willing to discuss with world oil producers what it will take to shore up falling crude oil prices.

China’s Shanghai stock index did rally Tuesday on news Chinese monetary authorities injected fresh stimulus into their economy by lowering the amount of money required for a down-payment from first-time home buyers. Australia’s central bank said Tuesday that low inflation could prompt more monetary policy stimulus for that country.

The other key “outside market” on Tuesday finds the U.S. dollar index slightly weaker in afternoon dealings.

Technically, February gold futures prices were nearer the session low heading into the New York close. While the gold bears still have the overall near-term technical advantage, prices are in a choppy six-week-old uptrend and the bulls still have some technical momentum on their side. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,150.00. Bears' next near-term downside price breakout objective is pushing prices below solid technical support at1,100.00. First resistance is seen at today’s high of $1,131.50 and then at $1,135.00. First support is seen at this week’s low of $1,115.30 and then at $1,108.50. Wyckoff’s Market Rating: 4.0

Reference: Reuters, Kitco