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Once again, gold tried to edge higher early Thursday as oil briefly recaptured the $110 level and as European interest rate decision time neared. Most of bullion's morning gains evaporated however, after the Dow, crude oil, and the euro sank in unison. Bullion retreated to the sub $800 area for a third day in afternoon trading after its advance was thwarted by sellers. The yellow metal was last seen at the $798 (down $2.40) level with approximately three hours left in electronic trading for the day. Futures lost $5 after having tried but failed at the $819 resistance which had previously supported bullish sentiment.
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