Gold futures score biggest gain of the month
SAN FRANCISCO (MarketWatch) — Gold futures rebounded Monday from last week’s selloff to score their biggest gain of the month, as analysts say a recent report hinted at a potential bottom for the metal’s prices.
Investors also weighed gold’s safe-haven appeal against a backdrop of early exit results from Italy’s election and a rating downgrade on the United Kingdom.
Gold for delivery in April (COMEX:GCJ3) settled at $1,586.60 an ounce on the Comex division of the New York Mercantile Exchange, up $13.80, or 0.9%. That was the biggest one-day gain for futures prices month to date. http://www.marketwatch.com/story/gold-futures...2013-02-25