Gold Rebounds From One-Month Low, Rises $3.70
Posted on December 07, 2012 at 17:19 PM EST
Gold rose Friday, rebounding from early lows, as upbeat nonfarm payrolls data did not alter a view that the Federal Reserve will continue to use bullion-friendly economic stimulus to boost growth. The metal fell to a one-month low earlier in the session as safe-haven buying dried up after data showed employers hired more workers than expected in November and jobs growth remaining on a steady but slow path. However, gold buying emerged as the