By Polya Lesova
LONDON (MarketWatch) -- Gold futures rose early Thursday after falling sharply in the previous session. Gold for December delivery gained $19.40, or 1.1%, to $1,837 an ounce in electronic trading on Globex. The contract sank $55.70, or 3%, Wednesday to settle at $1,817.60 an ounce on the Comex division of the New York Mercantile Exchange. "The factors that strengthened gold's price rally before are still intact in our opinion," Commerzbank analysts wrote in a note. "Besides the persistent debt problems in euro-zone countries and the threat of the U.S. economy sliding into recession, interest rates are set to remain at a very low level for an extended period."
