Gold Bounces Back as Dollar Retreats

Reuters reported that gold rallied back from earlier losses this week against a weakening dollar.

As quoted in the market report:

Gold rose 0.4 percent to $1,564 by 1505 GMT, having fallen to its lowest since April 5 at $1,553.10 an ounce in earlier trade. On Wednesday prices posted their biggest one-day fall since Feb. 20, accelerating losses after news of the Cyprus gold sale plan.

To view the whole Reuters report, click here.