Gold Price Jumps: Dead Cat Bounce Or Final Bottom?
Gold prices bounced off an 11-month low Friday, paring the week's heavy loss that came despite a weakening dollar and Japan announcing an epic economic stimulus plan. Technical and investor sentiment indicators suggest the yellow metal has formed a significant bottom and is due for an oversold bounce at least. Gold futures prices surged 1.63% to $1,580 an ounce. SPDR Gold Shares (GLD), tracking a 10th of an ounce of bullion, bounded 1.67% to