Gold futures on the COMEX division of the New York Mercantile Exchange rebounded on Thursday as the U.S. dollar and equities retreated from previous gains.
The most active gold contract for December delivery rose 7 dollars, or 0.55 percent, to close at 1,290 dollars per ounce.
The Dow Jones Industrial Average fell 24.66 points, or 0.11 percent to 23,132.94 points as of 1739 GMT. The Dow had settled above 23,000 on Wednesday, setting a new high.
Analysts said that technology companies pulled U.S. stocks lower, as the shares of Apple Inc. plunged more than two percent.
When equities post losses, the precious metal usually goes up, as investors are looking for safe haven.
Additional support came from the U.S. dollar index, a gauge of the greenback against a basket of other major currencies, as it fell 0.20 percent to 93.23 as of 1728 GMT.
As for other precious metals, silver for December delivery rose 25.8 cents, or 1.52 percent, to close at 17.255 dollars per ounce. Platinum for next January went up 1.30 dollars, or 0.14 percent, to settle at 925.90 dollars per ounce.
The most active gold contract for December delivery rose 7 dollars, or 0.55 percent, to close at 1,290 dollars per ounce.
The Dow Jones Industrial Average fell 24.66 points, or 0.11 percent to 23,132.94 points as of 1739 GMT. The Dow had settled above 23,000 on Wednesday, setting a new high.
Analysts said that technology companies pulled U.S. stocks lower, as the shares of Apple Inc. plunged more than two percent.
When equities post losses, the precious metal usually goes up, as investors are looking for safe haven.
Additional support came from the U.S. dollar index, a gauge of the greenback against a basket of other major currencies, as it fell 0.20 percent to 93.23 as of 1728 GMT.
As for other precious metals, silver for December delivery rose 25.8 cents, or 1.52 percent, to close at 17.255 dollars per ounce. Platinum for next January went up 1.30 dollars, or 0.14 percent, to settle at 925.90 dollars per ounce.
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