Gold up on weak dollar

With the US dollar weaker versus the euro and yen on a report showing factory orders down more than had been anticipated in August, precious metals prices climbed Thursday in New York.

The new data on orders, which were down by 3.3 percent in August,  made it more likely that the Federal Reserve will cut US interest rates again later this month.

December gold added $8.10 to $743.80 per troy ounce after a two-day decline and after dropping by as much as 1.3 percent earlier in the session.

Silver contracts for December gained 3 cents to $13.50 per troy ounce, while January platinum was up $9.50 to $1,378.40 per troy ounce.