On Tuesday gold rose over $950 an ounce after it dropped 0.5% the previous day on selling by short-term investors due to caution in the face of tumbling Chinese equities and a fall in oil prices. But investor nerves were largely soothed on Tuesday as Chinese stock markets showed signs of stability, with Hong Kong's Hang Seng Index .HSI rising 0.6 percent, and oil prices gaining ground, traders said.

 Spot gold XAU= was at $951.20 an ounce at 0339 GMT, up 0.2 percent from New York's notional close of $949.65, but off a three-week high of $961.00 marked on Aug. 28.

"Gold is rebounding after hitting a low of $944-$945 yesterday... Asia is quiet as things are pretty mild today," said a bullion trader in Hong Kong, referring to the firmness in regional stock markets and oil prices.

The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust (GLD), said holdings stood at 1,061.83 tonnes on Monday, unchanged since Aug. 25. 

 Precious metals prices at 0343 GMT

 Metal Last Change Pct chg YTD pct chg Turnover
 Spot Gold 952.10 2.45 +0.26 8.17
 Spot Silver 14.83 -0.06 -0.40 31.01
 Spot Platinum 1244.00 7.00 +0.57 33.48
 Spot Palladium 289.50 1.00 +0.35 56.91
 TOCOM Gold 2861.00 1.00 +0.03 11.19 26624
 TOCOM Platinum 3734.00 14.00 +0.38 40.80 7800
 TOCOM Silver 445.30 7.80 +1.78 39.46 165
 TOCOM Palladium 874.00 10.00 +1.16 58.91 254

 TOCOM prices in yen per gram, except TOCOM silver which is priced in yen per 10 grams. Spot prices in $ per ounce.