17
January
Gold rebounds from sharp fall after China move
17 January 2011 Reuters
Gold rebounded slightly on Monday from a fall of one percent in the previous session, shrugging off China's tightening move on Friday, as physical buying continued to buoy prices.
China's central bank raised lenders' required reserves on Friday for the fourth time in just over two months, stepping up the fight against inflation that it has vowed will be a top priority for the year.
