Gold rose from a three-week low in Asia underpinned by increased demand from jewelry makers after the precious metal dropped below $900 an ounce. Jewelry demand has been dropping since the third quarter in 2007 as buyers pared purchases after prices rallied to a record $1032.70 an ounce on March 17. Gold fell below $900 on April 23 for the first time since April 3. ``There has been a bit of physical demand coming back to the gold market,'' Wallace Ng, chief trader for precious metals in Asia at Fortis Bank, said by telephone from Hong Kong. ``And some Japanese buyers have been accumulating gold as the dollar is appreciating against yen in the past week.''

Full story: bloomberg.com