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Urgent: Gold up on downbeat economic data, weaker U.S. dollar

Xinhua, April 24, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange bounced back on Thursday as soft U.S. economic data dragged the U.S. dollar lower and increased the appeal of the dollar-denominated precious metal.

The most active gold contract for June delivery rose 7.4 U.S. dollars, or 0.62 percent, to settle at 1,194.30 dollars per ounce. Endite