Gold Futures Bounce Back, Broader Markets Slide

Gold futures recaptured a considerable portion of their losses from earlier this morning while the broader U.S. equity markets turned considerably lower on Thursday.

COMEX gold fuures, per the December contract, bounced from an intra-day low of $1,705.40 per ounce to $1,742.80 as of 10:40am ET.

The Dow Jones Industrial Average (DJIA) initially climbed as much as 84.99 points to 11,405.70, but turned sharply lower as morning trading progressed, by 105.35 points to 11,215.36.

Gold equities advanced alongside the yellow metal, as the AMEX Gold Bugs Index (HUI) climbed 0.5% to 574.11.