Gold fails to make much headway as dollar stays firm

Gold drifted between small gains and small losses gain on Thursday, with its relationship to the thriving dollar continuing to keep any upside moves in check.

Gold for December delivery GCZ4, -0.60% rose $2.40 to settle at $1,161.50 an ounce. December silver SIZ4, -2.21%  was flat at $15.62 an ounce.

A day earlier, gold tripped to a lower close, giving up any sort of momentum gold bugs had hoped it might have gained from a rally in the prior session.