After spending part of the session in the red, the TSX rebounded to end the day with a 32.01 point gain to 11,728.64, as the gold price moved higher and several companies reported their second quarter results.

The materials sector was one of the main gainers of the day, up 0.9%, as gold for August delivery added $8.00 to $1,168.40 an ounce. Elsewhere, industrials and financials each climbed 0.5% and the TSX Venture also ended the day higher, up 11.67 points to 1,422.29. Crude for September delivery also posted gains, up $1.37 to $78.36 a barrel.

In economic news, Statistics Canada reported that the Industrial Product Price Index fell 0.9% in June, led by petroleum and metals, while the Raw Materials Price Index declined 0.3% as a result of lower prices for non-ferrous metals as well as animals and animal products.

On the TSX, several gold stocks reported second quarter earnings on Thursday, including Barrick Gold (TSX: T-ABX), which said its net income was $783 million or 79 cents per share in Q2, compared to $492 million or 56 cents per share in the same quarter last year. Meanwhile, the company says Q2 gold production was 1.94 million ounces at total cash costs of $457 per ounce, and that it remains on track with its original full year production guidance of 7.6 to 8.0 million ounces at total cash costs of $425-$455 per ounce. Shares of Barrick Gold added 38 cents to $42.00.

And, Eldorado Gold (TSX: T-ELD) said its consolidated net income for the second quarter was $60.5 million or 11 cents per share, compared with $25.9 million or seven cents per share in Q2 2009, resulting from higher sales volumes and increased realized prices. In Q2, the company says it sold 172,826 ounces of gold at an average price of $1,195 per ounce, up from sales of 86,453 ounces of gold at an average price of $927 per ounce in Q2 2009. Shares of Eldorado Gold gained 13 cents to $16.53.