Reported about 11 hours ago
Gold prices staged a partial recovery after a three-day decline, advancing towards $4,000 per ounce as investors anticipated a potential interest rate cut by the Federal Reserve. Despite a recent sharp pullback from last week's record highs, the metal has increased about 50% this year, driven by central bank buying and concerns over sovereign debt. Analysts suggest that if gold consolidates within the $3,920-$4,020 range, it could prepare for further gains.
Source: YAHOO