Bloomberg News

Gold Futures Advance on Comex, Erasing Earlier Decline

December 07, 2011

Dec. 7 (Bloomberg) -- Gold rebounded after the European Central Bank was said to be planning to announce a range of measures to bolster lending.

Gold futures for February delivery rose $8.80, or 0.5 percent, to $1,740.60 an ounce at 8:42 a.m. on the Comex in New York, Earlier, the metal dropped as much as 0.5 percent.

To contact the editor responsible for this story: Patrick McKiernan at

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