Gold rebounds as U.S. returns to growth, dollar falls (GoldCore Quoted in Marketwatch)

30 October 2009  MarketWatch

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Gold futures closed above $1,047 an ounce, breaking five straight sessions of losses, after a report showing the U.S. economy expanded for the first time in a year enticed investors back to commodities and stocks.

Gold for December delivery added to gains throughout the session to end at $1,047.10 by the close of floor trading in New York. Gold rose $16.60 an ounce, or 1.6%, to mark the contract's highest close since Friday.

December silver rose 42 cents, or 2.6%, to $16.655 an ounce.

http://www.marketwatch.com/story/gold-rises-as-us-returns-to-growth-dollar-dips-2009-10-29