Slumping Gold Gets Lift from Chinese Demand

Reuters reported that gold rallied slightly on Wednesday, given a boost by solid Chinese demand and by a dollar weakened over concerns from investors about U.S. Federal stimulus.

As quoted in the market report:

Spot gold reversed Tuesday’s 1.3 percent losses and rose to a session high of $1,389.70 an ounce. It was trading at $1,384.91 by 0943 GMT, still up 0.7 percent.

To view the whole Reuters report, click here.