Gold bounces from 2-wk low, platinum near 6-mth trough

By Lewa Pardomuan SINGAPORE (Reuters) - Gold regained strength on Thursday after an earlier drop to a two-week low attracted buying from jewelers, the electronics sector and bargain hunters, but losses in oil may limit gains. Platinum also bounced after hitting a six-month low but sentiment was bearish on fears of falling demand from car makers, such as General Motors and Toyota Motor Corp , given a slowing U.S. economy. Gold fell as low as $916.40 an ounce, its lowest since July 9, before rebounding to $922.60/923.60 an ounce, up from $921.35/922.95 late in New York on Wednesday but still well below a record high of $1,030.80 hit in March. "There's a little bit of physical buying. I think the market should retest $910 to see whether or not it can hold," said Ronald Leung, director of Lee Cheong Gold Dealers in Hong Kong.... [read full story]