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Gold rebounds slightly from 5-year low

But market vulnerable to further slippage, possibly towards US$1,000 per ounce

Published Tue, Jul 21, 2015 · 09:50 PM
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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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