Wednesday, November 16, 2011

COMEX Gold Futures Rebound, End with Fractional Loss

Gold futures recaptured the large majority of their earlier losses on Wednesday
as the U.S. dollar pared its gains against a basket of foreign currencies. COMEX
gold futures, per the December 2011 contract, tumbled to $1,753.90 per ounce
this morning amid widespread weakness in precious metals.

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