Gold Rose Following Oil Prices

Gold inched up on Thursday, supported by firm oil prices, but lacked the drive to breach key resistance.

By 0323 GMT, spot gold was trading at $741.80/742.40 an ounce, versus Wednesday's late New York level of $738.80/739.60, where it rose as high as $745.80.

Traders said strong resistance was at $750-$760.