Bargain Hunters Close In

Gold Investing News reports bargain hunting drove gold prices in a rally on Thursday last week.

Rob Kurzatkowski, futures analyst with optionsXpress maintains that gold could be getting some support from a dimmer view of economic conditions. This includes not only the World Bank’s downward forecast for global economic contraction this year, but other data such as a rise in U.S. initial jobless claims reported Thursday morning.

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