Gold rebounds from two-month lows LOS ANGELES (Ma
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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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