| A bounce back on equity markets, oil at fresh five-year lows and a stronger dollar did little damage on gold markets Thursday with the metal hovering near 7-week highs. On the Comex division of the New York Mercantile Exchange gold for February delivery was changing hands for $1,226.20 an ounce in afternoon trade, down $3.10 or 0.3% from Wednesday close after recovering from a dip to $1,216 an ounce shortly after the open.
The oil price, which usually move in tandem with gold, closed at $59.95 on Thursday, hitting the lowest level since July 2009...............................................Full Article: Source
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