Gold Settles Higher To Recoup Much Of Previous Day's Losses

By Myra P. SaefongMarketsMarketWatch Pulse

Gold futures settled higher Thursday to recoup much of what they lost in the previous session, when prices finished at their lowest level in about three weeks. Some weakness in the U.S. dollar and stock market helped to draw investors to the precious metal. Gold for August delivery rose $11.70, or 0.9%, to settle at $1,331 an ounce, rebounding from Wednesday's loss of 1%.

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