| 26.10.2012 - Gold rebounds above $1,700/oz on economic optimism |
| Gold rose above $1,700 an ounce on Thursday, a day after it fell under that, in reaction to encouraging United Kingdom GDP growth data and expectations the Bank of Japan will further loosen its monetary policy. Bullion, a traditional inflation hedge, rose after data showed Britain posted its strongest quarterly economic growth in five years, although temporary effects may have masked a weaker underlying picture...............................................Full Article: Source |