Gold prices settle higher, finding support as U.S. equities decline even as the dollar gains

Gold prices settle higher, finding support as U.S. equities decline even as the dollar gains

By

Markets/commodities reporter

Gold prices settled higher Thursday, recouping most of what they lost a day earlier. A decline in the U.S. stock market helped boost investment interest in the metal, despite strength in the dollar, which tends to put some pressure on dollar-denominated prices of the metal. December gold GCZ8, +0.21% rose $2.70, or 0.2%, to settle at $1,230.10 an ounce, after posting a loss of 0.3% on Wednesday. The most-active contract held ground near Tuesday’s settlement of $1,231, which was the highest since July, according to FactSet data.

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