Gold rises on technical rebound

CHICAGO, Nov. 9 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose Thursday on technical rebound.

The most active gold contract for December delivery rose 12.00 U.S. dollars, or 0.61 percent, to close at 1,969.80 dollars per ounce.

Gold has fallen nearly 40 dollars after hitting 2,000 dollars last week as a result of escalating geopolitical tensions in the Middle East,