Gold Rebounds From Biggest Drop

Precious Metals

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

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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