(Reuters) - Spot gold prices turned lower late Thursday, after rising to as much as $ 1,772.14 earlier in the session.
Gold dealer Stan Morton holds a block of gold valued at $63,000 in Los Angeles, California August 23, 2011. Gold prices retreated in choppy trade on Tuesday after earlier hitting record highs as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce. REUTERS/Lucy Nicholson
Bullion was down 0.26 percent at $1764.89 an ounce at 6:43 p.m. EDT.
Prices had hit a near two-week low of $1,702.44 earlier Thursday.
Reporting by Soma Das in Bangalore; Editing by Bob Burgdorfer