September 12, 2008 / 1:09 PM / 11 years ago

U.S. gold bounces 2 percent on dollar fall, oil gain

NEW YORK (Reuters) - U.S. gold futures surged 2 percent early Friday, rising above $760 an ounce as the dollar fell following a weak U.S. retail sales report and as crude oil rose, after bullion has retreated sharply this week.

The gold contract for December delivery was up $13.30 or 1.8 percent at $758.80 on the COMEX division of the New York Mercantile Exchange. after peaking earlier at $761.70.

Reporting by Frank Tang; Editing by John Picinich

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