Gold Moves Up from Seven-Week Low

Reuters reported that gold has rebounded from a seven-week low on Thursday, due to the rising Euro, and in advance of next week’s Bank of Japan policy meeting.

As quoted in the market report:

Spot gold was up 0.8 percent at $1,714.34 an ounce at 1451 GMT, bouncing off Wednesday’s seven-week low of $1,698.39. U.S. gold futures for December delivery were up $13.70 an ounce at $1,715.30.

To view the whole Reuters report, click here.