Gold rebounded after a drop to the
lowest price in almost seven weeks spurred purchases and as
investors boosted holdings in exchange-traded products to a
record. Silver, platinum and palladium advanced.
Spot gold climbed as much as 0.4 percent to $1,708.85 an
ounce and was at $1,706 at 12:06 p.m. in Singapore. The metal
slumped to $1,699 yesterday, dropping below $1,700 for the first
time since Sept. 7, as the European Central Bank warned about
the risk of deflation in some countries.Source Bloomberg : Read More >>>>>
