Gold prices rose on Thursday, rebounding from a four-month low set earlier in the session on renewed fears that the US Federal Reserve might soon be able to start scaling back its monetary stimulus. Bullion had tumbled 2.5 percent on Wednesday, its biggest daily loss in seven weeks, after minutes of the Fed's October meeting showed central bankers could start tapering the $85 billion monthly bond-buying stimulus at one of their next few meetings.
Spot gold fell to its lowest level since July 9 at $1,236.29 an ounce. It was last trading up 0.1 percent to $1,243.76 an ounce by 1:48 pm EST (1748 GMT). US gold futures for December delivery settled down $14.40 to $1,243.60 an ounce, with trading volume about 65 percent above its 30-day average, preliminary Reuters data showed.
Holdings of the SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 2.70 tonnes to a four-and-a-half-year low of 860.31 tonnes on Wednesday.
Silver rose 0.7 percent at $19.92 an ounce, having touched its lowest since mid-August on Wednesday.
Platinum inched up 50 cents to $1,389.74 an ounce, while palladium gained 0.5 percent to $712.72 an ounce.
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