Update: Gold, Silver Rebound From One-Month Lows
Gold and silver prices rebounded from one-month lows in heavy volume Wednesday, even as the dollar rallied thanks to bargain hunters buying on the dip. Kitco attributed it to safe-haven buying on news of the European Central Bank cutting its economic growth forecast for the European Union. The euro plunged. In afternoon trade, spot gold climbed 0.30% to $1,700.30 an ounce, a psychologically important round-number level. SPDR Gold Shares (GLD),
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