Commodities Gold rises on bleak economic outlook, softer dollar Updated : March 08, 2019 01:56 PM IST Spot gold was steady at $1,285.17 per ounce as of 0119 GMT. US gold futures were also flat at $1,286 an ounce. Asian stocks were headed for harm on Friday after the ECB slashed its growth forecasts and launched an emergency round of policy stimulus, leaving investors fearing the worst for the global economy. The dollar, which was marginally lower against major currencies, hovered near its new 2019 high of 97.710, posted in the previous session. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.