Gold rose to hold above $1,200 an ounce on Thursday on steady purchases from jewellers and other physical buyers after a recent drop to a six-week low, while sentiment was also lifted by gains in equities markets. Gold added $1.80 to $1,203.65 an ounce by 0537 GMT.
It had dropped to its weakest since May 25 at $1,185.05 on Wednesday, or around 6 percent below a record high above $1,264 struck in late June, before regaining strength. The world's largest gold-backed exchange-traded fund, SPDR Gold Trust said its holdings were unchanged at 1,316.481. The holdings hit a record at 1,320.436 tonnes on June 29.
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