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The Hunt for the Next 10 Bagge..
Posted On: 10/02/2013 8:00:02 AM
Post# of 102768
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Posted By: ruliquid

Gold rebounds from two-month lows
LOS ANGELES (MarketWatch) — Gold futures on Wednesday clawed back a small chunk of their big losses in the prior session, as the reality of the U.S. government shutdown sinks in and the potential debt-ceiling debacle looms on the horizon.


In electronic transactions, gold for December delivery (CNS:GCZ3) was up $6.80, or 0.5%, to $1,292.90 an ounce.


A day earlier, gold futures gave up more than $40 an ounce to slide to their lowest settlement in almost two months. Concerns over whether the federal shutdown would be short-lived sapped demand for the perceived safe haven. On Monday, gold nailed down its first quarterly gain this year. http://www.marketwatch.com/story/gold-rebound...beforebell


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