Gold Bounced Above $650
Gold bounced back and held above $650 ounce on Thursday with the help of firm oil, but the metal looked vulnerable after several failed attempts to breach key resistance around $660 an ounce.
Sales of gold scrap from Indonesia and Thailand dominated the physical sector in Southeast Asia, though dealers also noted some buying interest from India, the world's largest consumer.
Spot gold rose to $652.70/653.40 an ounce from $651.70/652.40 an ounce late in the U.S. market on Wednesday, when it dropped more than $1 after crude oil reversed gains.
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