Gold futures rebounded

Market news

17 May 2012

Gold futures rebounded

Gold futures rebounded as some investors who had bet on declining prices closed those positions after the metal slumped to a 10-month low.

Gold futures slumped for four consecutive sessions through Wednesday, crumbling to the lowest settlement price since July 2011 as worries about Europe's financial system boosted demand for the U.S. dollar at the expense of precious metals.

Oil retreated from 6-month low

Dow -53.36 12,545.19 -0.42% Nasdaq -17.86 2,856.18 -0.62% S&P -5.85 1,318.95 -0.44%

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