Gold Rebounds With Silver After Slumping to Cheapest Since - TopicsExpress

Gold Rebounds With Silver After Slumping to Cheapest Since 2010.Gold and silver rallied from their lowest levels since September 2010 on speculation the slump may spur purchases. Gold is still set for its worst week since September 2011 after the Federal Reserve signaled it’s getting closer to reducing monetary stimulus as the economy recovers. Cash bullion rose as much as 1.1 percent to $1,299.07 an ounce and was at $1,297.13 at 2:26 p.m. in Singapore, snapping four days of losses. Gold’s 14-day relative strength index was at 29.4, below the level of 30 that indicates to some analysts who study technical charts that a rebound may be imminent.

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