By Sarah Turner
SYDNEY (MarketWatch) -- Gold futures rose in electronic trading on Thursday, moving up $2.90 to $1,532.00 an ounce. Gold closed at a near two-week high in regular trading in New York on Wednesday, with safe-haven buying boosting the precious metal as Europe's debt woes remain center-stage. Europe will be in focus for markets for a different reason on Thursday, with the European Central Bank expected to hike its key cash rate. Ahead of the decision, the U.S. dollar traded at 75.023, just down from 75.088 recorded in late North American trading on Wednesday. Commodities are priced in dollars and tend to move inversely to the greenback.
