Gold to claw back some lost ground

[miningmx.com] – THE price of gold rallied from its lowest level since September 2010 as investors speculated their could be buying following the slump in the price of the metal to below $1,300/oz, said Bloomberg News.

“The worst of the current round of decline is probably behind us as gold prices may stabilize and rebound,’ Jeffrey Christian, managing partner at CPM, told Bloomberg News in an interview.