US gold rallies above $650/oz on dollar, energy

Newswire

NEW YORK, Nov 30 (Reuters) - Gold futures rose 1.4 percent to above $650 early Thursday as investors used a falling dollar and strengthening oil prices as an excuse to bargain hunt after the metal ended lower the previous two sessions. At 8:45 a.m. EST (1345 GMT), February gold at the COMEX division of the New York Mercantile Exchange was up $8.70 at $650.50 an ounce. It hit a high of $652.50 earlier.

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