Gold bounces from seven-month low as dollar softens


By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON (Reuters) - Gold prices recovered from a near seven-month low and platinum bounced from close to a 10-year low on Tuesday as the dollar eased.Spot gold gained 0.9 percent to $1,252.96 an ounce at 1:42 p.m. EDT (1742 GMT). Earlier, bullion prices dropped to $1,237.

32, their lowest since Dec. 12, 2017.U.S. gold futures for August delivery settled up $11.80, or 1 percent, at $1,253.50 per ounce. "First the dollar flipped, and it looks like interest rates dropped for the 10-year (Treasuries),".

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