Gold rises on weaker U.S. dollar

U.S. gold futures rebounded on Thursday as a dollar drop improved investor sentiment, and the metal is set to post its biggest yearly gain in three decades due to a combination of currency depreciation worries, central bank buying and doubts about the nascent economic recovery.

Gold futures for February delivery gained $4.20 to $1,096.70 U.S. an ounce on the COMEX division of the New York Mercantile Exchange by 10:32 a.m. EST

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