Gold bounces in thin trade, dollar weighs

- August 12th, 2010

On Thursday, Gold regained strength after falling the previous day as investors sold bullion to cover losses in equities, but a firmer dollar was likely to cap gains.

On Thursday, Gold regained strength after falling the previous day as investors sold bullion to cover losses in equities, but a firmer dollar was likely to cap gains.

The press release is quoted as saying:

Spot gold XAU= added $2.20 to $1,199.20 an ounce by 0046 GMT, still hovering below the closely-watched 50-day moving average.

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