Gold price rebounds

- March 12th, 2009

Gold Investing News reports gold price recovers as the dollar rose. Spot gold rose to $913.15/$914.15 an ounce from $906.65 late in New York on Wednesday. Canadian stocks gained too, building on their biggest rally since November, as mining companies rose with gold prices and financial stocks rallied for a second day on speculation that … Continued

Gold Investing News reports gold price recovers as the dollar rose.

Spot gold rose to $913.15/$914.15 an ounce from $906.65 late in New York on Wednesday.

Canadian stocks gained too, building on their biggest rally since November, as mining companies rose with gold prices and financial stocks rallied for a second day on speculation that the worst of the banking crisis may be over. According to a Bloomberg report, Goldcorp Inc. added 5.9 per cent as gold rebounded from the lowest level in a month.

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