UPDATE 5-Gold trapped in range; dollar seen supporting

Newswire

(Updates prices to New York midafternoon) By Atul Prakash LONDON, Aug 24 (Reuters) - Gold prices were trapped in a tight range in late trade on Thursday, and dealers said the metal was expected to get support from overall dollar weakness. Gold hovered in a $6 band, reaching a high of $625.95 an ounce and falling as low as $620.20. At last check in New York, it was at $620.30/621.05, against $622.25/2.75 late on Wednesday when it traded in a range of about $10. "We expect the market ...

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