PRECIOUS METALS: Comex Gold Recovers From Near 3-Month Low

31/01/2010 00:00 AST

Gold hit its lowest level in nearly three months Thursday on risk aversion when the dollar strengthened and stocks tumbled, before the metal snapped nearly all the way back late in the pit session when technically oriented buying emerged above chart support.

The volatile metal is being helped some by a pick-up in physical demand lately now that prices have fallen back from their highs earlier this month.

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