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Gold rebounds slightly from 5-year low
But market vulnerable to further slippage, possibly towards US$1,000 per ounce
Add BT as a preferred sourcePublished Tue, Jul 21, 2015 · 09:50 PM
London
GOLD advanced for the first time in seven days as a technical indicator showed the plunge to a five-year low on Monday may have been excessive. Other precious metals gained.
Bullion for immediate delivery rose one per cent to US$1,106.96 an ounce by 12.24 pm in London, according to Bloomberg generic pricing. Futures for delivery in August were little changed at US$1,105.90 on the Comex in New York.
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