(Reuters) - Gold bounced back in late trade on Wednesday after falling to a three-month low as the dollar pared gains following a retreat in U.S. Treasury yields.
Gold was also helped by short-covering. It rose as high as $652.25 an ounce after falling to $642.90, its weakest since mid-March. Gold was quoted at $651.15/651.65 at 1505 GMT, compared with $648.30/649.80 in New York late on Tuesday..
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Gold was also helped by short-covering. It rose as high as $652.25 an ounce after falling to $642.90, its weakest since mid-March. Gold was quoted at $651.15/651.65 at 1505 GMT, compared with $648.30/649.80 in New York late on Tuesday..
Read more at Reuters Africa
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