10
December
Gold futures bounce back after four-session drop
10 December 2009 MarketWatch
Gold futures bounced back Thursday, as concerns over sovereign debt rekindled investors' interest in the precious metal, which tacked on more than $13 in morning trading in Asia after suffering a four-session drop of around 8%.
Gold for December delivery rose to a high of $1,134 an ounce on Globex, up $13.60, or 1.2%.
"What is happening in Europe is exactly what we have been predicting for some time -- a sovereign debt crisis across most Western countries that is just starting," said Martin Hennecke, associate director at Tyche Group Ltd.
http://www.marketwatch.com/story/gold-futures-bounce-back-after-four-session-drop-2009-12-09
