Gold Settles Higher, Rebounds From a Nearly 7-week Low

Gold futures recouped on Thursday much of what they lost a day earlier, finding support from indications that the Federal Reserve is in no hurry to hike interest rates. April gold tacked on $7.40, or 0.6%, to settle at $1,207.60 an ounce on Comex. Prices closed at a nearly seven-week low on Wednesday.

Copyright © 2015 MarketWatch, Inc.