Gold rebounded on Thursday after two days of losses, lifted by a drop in the dollar and an across-the-board commodities rally led by oil on increasing geopolitical tensions in the Middle East. Spot gold was up 0.6 percent for the day at $1,581.41 an ounce by 3:11 p.m. EDT (1911 GMT).
US gold futures for August delivery settled up $9.60 at $1,580.40 an ounce, with trading volume about 15 percent below its 30-day average, preliminary Reuters data showed. Silver gained 0.1 percent to $27.18 an ounce. Spot platinum was up 0.9 percent at $1,412.30 an ounce, while spot palladium rose 1.8 percent at $581.25 an ounce.