Gold for December delivery GCZ4, +0.11% rose $2.40 to settle at $1,221.90 an ounce. December silver SIZ4, +0.99% declined 26 cents to $17.38 an ounce.
Gold retreated earlier as the U.S. dollar remained firm against its rivals but bounced as all three stock indexes posted large drops. The S&P 500 SPX, -1.62% is off 1.6% to 1,966.91 and the Dow Jones Industrial Average DJIA, -1.54% fell 1.5% to 16,958.19.
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