MW: Gold reverses losses amid mixed trading in dollar
By Moming Zhou
NEW YORK (MarketWatch) -- Gold futures reversed early losses Thursday, rising from their lowest level in nearly two weeks amid mixed trading of the U.S. dollar. Gold for February delivery, the most active contract, rose $3.50, or 0.5%, to $774 an ounce on the Comex division of the New York Mercantile Exchange. It dropped to as low as $763 earlier, the lowest since Nov. 20. The dollar was trading higher against the euro and the British pound after big rate cuts in Europe, but the greenback was falling against a basket of other major currencies.
