| Gold prices moved higher, rebounding from eight-month lows hit earlier Thursday, as the dollar pared its gains. Gold for December delivery, the most active contract, was recently up $2.60, or 0.2%, at $1,222.10 a troy ounce on the Comex division of the New York Mercantile Exchange.
Gold fell to $1,206.60 an ounce as the ICE Dollar Index rose to its highest level in four years. But a reversal in the dollar sparked a rush by bearish investors to close out their bets on lower gold prices, propelling gold higher in late morning trade...............................................Full Article: Source
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