Gold May Gain in London as Price Decline Spurs Physical Demand

Bloomberg reported that increased demand for physical gold may cause a price rally.

As quoted in the market news:

The metal has dropped 5 percent since Nov. 8 and fell to $1,667.03 an ounce on Nov. 21, the lowest price in almost four weeks. German Chancellor Angela Merkel said today joint euro bonds would send a “wrong signal,” damping optimism about a potential remedy for the region’s debt crisis.

Click here to read the full Bloomberg report.