11
June
Gold rebounds after 1 percent drop
11 June 2010 Reuters
Gold rebounded on short covering on Friday after falling around 1 percent in the previous session, while a rise in ETF holdings to another record showed bullion still attracted buying from investors. But gold was at the mercy of movements in equity and currency markets, with rallies in shares likely to curb gains. Gold hit a lifetime high $1,251.20 earlier this week on fears the euro zone's sovereign debt crisis may spread.
