Gold Rebounds From Biggest Drop

Businessweek reports that Gold rose, rebounding from the biggest loss in four months.

The market news is quoted as saying:

The euro fell against the dollar on concern that Ireland may need a bailout. Gold has gained 25 percent this year, touching a record $1,424.30 an ounce on Nov. 9 partly on speculation that the Federal Reserve’s program to buy back bonds will erode the dollar.

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