Gold rises on technical buying

CHICAGO, March 4 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday on technical buying.

The most active gold contract for April delivery rose 30.60 U.S. dollars, or 1.46 percent, to close at 2,126.30 dollars per ounce.

Gold hit a three-month high. There are also growing notions the Federal Reserve may begin to lower U.S. interest rates in June.

Federa