Gold Prices On 1 Week High

Gold prices hit a one-week high on Thursday, fortified by investor buying as oil prices rose, the dollar slipped, equities fell and on expectations of strong physical demand over coming months.

Gold rose to $827.10 an ounce, the highest since August 14, and was up at $824.50/825.70 an ounce at 1124 GMT from $810.35/811.75 an ounce late in New York on Wednesday.

Analysts said many investors and traders, who had sold their holdings in recent weeks as the dollar strengthened, were now feeling their way back into the market.