Gold rebounds from seven-week low

Gold rebounded from a seven-week low in London as concern about Europe’s debt crisis spurred investors to buy the metal as a protection of wealth.

14th December, 2011
Gold rebounds from seven-week low
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Gold rebounded from a seven-week low in London as concern about Europe’s debt crisis spurred investors to buy the metal as a protection of wealth.

Gold slid 2.1 per cent yesterday after the Federal Reserve said the US economy is maintaining its expansion and refrained from taking new action to bolster the economy.

The dollar was near an 11-month high versus the euro amid speculation Europe’s sovereign-debt crisis is far from resolved. Gold holdings...

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