The price of gold rose Friday to end the week with a modest gain.
Buying interest re-emerged after prices fell below the psychological level of $1,200 this week, with investors still uncertain about the global economic outlook seeking opportunity to add positions on every dip.
August gold settled up $13.70 at $1209.80 a troy ounce on the COMEX division of the New York Mercantile Exchange.
A sharp sell-off in the previous week yanked down bullion prices from above $1250.
Meanwhile, the dollar edged up from an eight-week low against the euro reached on Thursday.
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