Market Watch: Gold prices step slightly higher; copper steady

LOS ANGELES (MarketWatch) — Gold futures nudged higher Thursday after being yanked down by more than 1% the previous day on reinforced worries about monetary-stimulus tapering by the Federal Reserve.

Gold for August delivery /quotes/zigman/6585799 GCQ3 +0.11% picked up $3, or 0.2%, to $1,322.50 an ounce in electronic trade.

December gold /quotes/zigman/662680 GCZ3 +0.11% , also among the most-active contracts, picked up $2.70, or 0.2%, to $1,322.80 an ounce in electronic transactions.

Meanwhile, September copper futures /quotes/zigman/678448 HGU3 +0.03% remained at $3.18 a pound. Copper prices on Wednesday fell 0.6% in the wake of a lower-than-anticipated reading for July manufacturing activity in China, though they briefly turned higher during the session.

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